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

Zebra Technologies (NASDAQ:ZBRA) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.000-3.300 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

Several brokerages have recently issued reports on ZBRA. BNP Paribas upgraded Zebra Technologies from an underperform rating to a neutral rating and boosted their price objective for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. UBS Group boosted their price objective on 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 Zebra Technologies from a sell rating to a hold rating in a research report on Thursday, May 2nd. Vertical Research initiated coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a buy rating and a $375.00 price objective for the company. Finally, Robert W. Baird upped their target price on Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $327.67.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $26.63 during trading on Tuesday, hitting $361.72. The company had a trading volume of 179,711 shares, compared to its average volume of 350,863. The company has a market cap of $18.60 billion, a P/E ratio of 72.46 and a beta of 1.66. Zebra Technologies has a 52 week low of $194.59 and a 52 week high of $371.11. The business’s 50-day moving average is $314.56 and its 200 day moving average is $293.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The company 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 13.05% and a net margin of 5.99%. The firm’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.59 earnings per share. Equities research analysts predict that Zebra Technologies will post 10.76 earnings per share for the current fiscal year.

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 on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the transaction, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is 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.