Zebra Technologies (NASDAQ:ZBRA) Issues Q4 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.800-4.000 for the period, compared to the consensus EPS estimate of 3.540. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Zebra Technologies also updated its FY 2024 guidance to 13.300-13.500 EPS.

Zebra Technologies Stock Up 0.4 %

Zebra Technologies stock traded up $1.45 during trading hours on Friday, hitting $383.42. 14,564 shares of the stock traded hands, compared to its average volume of 359,217. Zebra Technologies has a one year low of $198.19 and a one year high of $394.57. The firm’s 50-day moving average price is $358.62 and its two-hundred day moving average price is $329.95. The company has a current ratio of 1.37, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The company has a market cap of $19.78 billion, a PE ratio of 51.97 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. On average, research analysts forecast that Zebra Technologies will post 11.09 EPS for the current year.

Analyst Ratings Changes

ZBRA has been the topic of several recent analyst reports. Barclays increased their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. Needham & Company LLC upped their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, UBS Group increased their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.06% of the company’s stock.

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.