Zebra Technologies (NASDAQ:ZBRA) Releases FY 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 13.300-13.500 for the period, compared to the consensus estimate of 12.700. The company issued revenue guidance of $5.0 billion-$5.0 billion, compared to the consensus revenue estimate of $4.9 billion. Zebra Technologies also updated its Q4 guidance to $3.80 to $4.00 EPS.

Zebra Technologies Stock Down 0.5 %

Shares of NASDAQ:ZBRA traded down $1.92 during trading on Thursday, hitting $381.97. 675,838 shares of the company were exchanged, compared to its average volume of 360,851. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 51.89 and a beta of 1.66. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $394.57. The firm has a fifty day moving average price of $357.82 and a two-hundred day moving average price of $329.59. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $3.24 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts anticipate that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZBRA. Vertical Research began coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective on the stock. Needham & Company LLC raised their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial reissued a “hold” rating and set a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research note on Wednesday. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Insider Activity at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.06% of the stock is owned by corporate insiders.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.