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 12.300-12.900 for the period, compared to the consensus estimate of 11.920. The company issued revenue guidance of $4.8 billion-$4.9 billion, compared to the consensus revenue estimate of $4.8 billion. Zebra Technologies also updated its FY24 guidance to $12.30-$12.90 EPS.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded down $17.33 during midday trading on Friday, reaching $325.25. The company had a trading volume of 34,416 shares, compared to its average volume of 359,205. The company’s 50 day moving average price is $315.94 and its 200 day moving average price is $294.64. The company has a current ratio of 1.28, a quick ratio of 0.56 and a debt-to-equity ratio of 0.63. The stock has a market cap of $16.72 billion, a P/E ratio of 67.97 and a beta of 1.65. Zebra Technologies has a 52-week low of $194.59 and a 52-week high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.24 EPS. As a group, sell-side analysts anticipate that Zebra Technologies will post 10.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ZBRA shares. UBS Group boosted their price target on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a buy rating in a report on Wednesday, May 1st. TD Cowen boosted their price objective on Zebra Technologies from $375.00 to $380.00 and gave the company a buy rating in a research note on Wednesday. Barclays boosted their price objective on Zebra Technologies from $314.00 to $347.00 and gave the company an equal weight rating in a research note on Wednesday. Vertical Research initiated coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a buy rating and a $375.00 price objective on the stock. Finally, Stephens boosted their price objective on Zebra Technologies from $335.00 to $380.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. One equities research 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. Based on data from MarketBeat, Zebra Technologies presently has an average rating of Moderate Buy and an average target price of $340.92.

Insider Transactions at Zebra Technologies

In related news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.