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

Zebra Technologies (NASDAQ:ZBRA) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 13.300-13.500 for the period, compared to the consensus EPS 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 Performance

Shares of NASDAQ ZBRA traded down $1.92 during mid-day trading on Thursday, hitting $381.97. The stock had a trading volume of 675,838 shares, compared to its average volume of 360,851. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The company has a 50 day moving average of $357.82 and a two-hundred day moving average of $329.59. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $394.57. The firm has a market cap of $19.70 billion, a PE ratio of 51.89 and a beta of 1.66.

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

Analyst Upgrades and Downgrades

ZBRA has been the topic of several analyst reports. TD Cowen lifted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group boosted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley upped their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Barclays increased their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.06% of the stock is owned by company 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.