Zebra Technologies (NASDAQ:ZBRA) Releases FY24 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $11.25-$12.25 for the period, compared to the consensus estimate of $11.27. The company issued revenue guidance of $4.63-$4.81 billion, compared to the consensus revenue estimate of $4.68 billion. Zebra Technologies also updated its FY 2024 guidance to 11.250-12.250 EPS.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded down $3.12 during trading hours on Friday, hitting $309.59. 475,223 shares of the company were exchanged, compared to its average volume of 391,173. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76. Zebra Technologies has a 52-week low of $194.59 and a 52-week high of $322.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.54. The company’s 50 day moving average price is $289.78 and its 200-day moving average price is $258.13.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.59 EPS. As a group, research analysts forecast that Zebra Technologies will post 9.76 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on ZBRA shares. Barclays started coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price objective on the stock. Stephens increased their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a report on Wednesday. StockNews.com raised shares of Zebra Technologies from a sell rating to a hold rating in a report on Thursday. Wolfe Research raised shares of Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target on the stock in a report on Monday, April 8th. Finally, Truist Financial reissued a hold rating and set a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Zebra Technologies presently has a consensus rating of Hold and an average target price of $310.64.

Insider Activity at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% 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.