Zebra Technologies (NASDAQ:ZBRA – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.000-3.300 for the period, compared to the consensus estimate of 3.060. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Zebra Technologies also updated its FY 2024 guidance to 12.300-12.900 EPS.
Zebra Technologies Price Performance
Shares of ZBRA stock traded up $17.28 during mid-day trading on Tuesday, reaching $352.37. The company’s stock had a trading volume of 802,017 shares, compared to its average volume of 355,155. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $371.11. The company has a market cap of $18.12 billion, a P/E ratio of 72.46 and a beta of 1.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99. The firm’s 50-day moving average is $314.56 and its two-hundred day moving average is $293.21.
Zebra Technologies (NASDAQ:ZBRA – Get Free Report) 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 $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the company posted $3.59 EPS. The business’s revenue was down 16.4% on a year-over-year basis. On average, research analysts predict that Zebra Technologies will post 10.76 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Insider Activity
In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the sale, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is currently owned by 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.
Recommended Stories
- Five stocks we like better than Zebra Technologies
- Technology Stocks Explained: Here’s What to Know About Tech
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- How to Use the MarketBeat Stock Screener
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.