Zebra Technologies (NASDAQ:ZBRA) Releases Q3 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) 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) 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

Several equities research analysts have recently weighed in on ZBRA shares. Barclays initiated coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 target price on the stock. UBS Group boosted their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Zebra Technologies from a sell rating to a hold rating in a report on Thursday, May 2nd. TD Cowen boosted their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird boosted their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $327.67.

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.