Zebra Technologies (NASDAQ:ZBRA) Releases Q4 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.80 to $4.00 for the period, compared to the consensus earnings per share estimate of $3.53. The company issued revenue guidance of +28 to +31% yr/yr or $1.292 billion to $1.322 billion, compared to the consensus revenue estimate of $1.25 billion. Zebra Technologies also updated its FY 2024 guidance to 13.300-13.500 EPS.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $1.92 during trading hours on Thursday, reaching $381.97. 675,838 shares of the company traded hands, compared to its average volume of 360,851. The stock has a market capitalization of $19.70 billion, a P/E ratio of 51.89 and a beta of 1.66. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. Zebra Technologies has a 12-month low of $194.59 and a 12-month high of $394.57. The business has a fifty day moving average price of $357.82 and a 200-day moving average price of $329.59.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ZBRA shares. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Stephens raised their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday. Truist Financial reaffirmed a “hold” rating and set a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a report on Wednesday. Finally, Vertical Research initiated coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and an average target price of $385.18.

Insider Buying and Selling at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is currently owned by insiders.

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.