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

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TD Cowen boosted their price objective on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Stephens boosted their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Truist Financial boosted their price objective on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Vertical Research initiated coverage on Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective on the stock. Finally, Barclays upped their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $367.00.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded up $16.95 during trading hours on Tuesday, reaching $380.53. 907,975 shares of the company’s stock were exchanged, compared to its average volume of 354,506. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $394.57. The company has a market cap of $19.63 billion, a P/E ratio of 87.23 and a beta of 1.66. The company’s 50 day moving average is $356.25 and its two-hundred day moving average is $328.53. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business earned $3.24 EPS. The firm’s revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is currently owned by 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.