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

Zebra Technologies (NASDAQ:ZBRA) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 12.300-12.900 for the period, compared to the consensus EPS estimate of 11.920. The company issued revenue guidance of $4.8 billion-$4.9 billion, compared to the consensus revenue estimate of $4.8 billion. Zebra Technologies also updated its FY24 guidance to $12.30-$12.90 EPS.

Zebra Technologies Trading Up 7.9 %

Shares of ZBRA stock traded up $26.63 on Tuesday, reaching $361.72. 179,711 shares of the stock were exchanged, compared to its average volume of 350,863. The stock has a market cap of $18.60 billion, a P/E ratio of 72.46 and a beta of 1.66. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $314.56 and a two-hundred day moving average of $293.21. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $371.11.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.59 EPS. On average, research analysts anticipate that Zebra Technologies will post 10.76 EPS for the current year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of research analyst reports. Barclays initiated coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 price objective for the company. StockNews.com raised shares of Zebra Technologies from a sell rating to a hold rating in a research report on Thursday, May 2nd. Needham & Company LLC upped their price target on shares of Zebra Technologies from $352.00 to $370.00 and gave the stock a buy rating in a research report on Thursday, May 16th. Wolfe Research raised 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 report on Monday, April 8th. Finally, Stephens upped their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Zebra Technologies presently has an average rating of Moderate Buy and a consensus price target of $327.67.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now directly owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.06% of the stock is currently 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.