Zebra Technologies (NASDAQ:ZBRA) Releases Q2 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) issued an update on its second quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.600-2.900 for the period, compared to the consensus estimate of 2.560. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion. Zebra Technologies also updated its FY 2024 guidance to 11.250-12.250 EPS.

Wall Street Analyst Weigh In

ZBRA has been the subject of several analyst reports. Barclays assumed coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price objective for the company. Wolfe Research upgraded shares of Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target for the company in a research note on Monday, April 8th. Truist Financial assumed coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a hold rating and a $300.00 price objective on the stock. Finally, StockNews.com lowered Zebra Technologies from a hold rating to a sell rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $278.64.

Zebra Technologies Trading Up 2.1 %

Shares of Zebra Technologies stock traded up $6.42 during trading on Tuesday, reaching $306.43. The company’s stock had a trading volume of 449,165 shares, compared to its average volume of 380,633. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 55.62 and a beta of 1.79. The firm’s 50-day moving average is $286.87 and its two-hundred day moving average is $255.96. Zebra Technologies has a 52-week low of $194.59 and a 52-week high of $322.95. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.70. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the firm earned $3.59 earnings per share. On average, sell-side analysts anticipate that Zebra Technologies will post 9.76 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.04% of the stock is currently owned by corporate insiders.

Zebra Technologies Company Profile

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.