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

Zebra Technologies (NASDAQ:ZBRA) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 11.250-12.250 for the period, compared to the consensus estimate of 11.120. The company issued revenue guidance of $4.6 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion. Zebra Technologies also updated its FY24 guidance to $11.25-$12.25 EPS.

Analysts Set New Price Targets

ZBRA has been the topic of several research reports. Barclays started coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price target on the stock. Truist Financial reiterated a hold rating and set a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $320.00 to $352.00 and gave the company a buy rating in a research note on Wednesday. TD Cowen lifted their price target on Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a report on Wednesday. Finally, StockNews.com cut shares of Zebra Technologies from a hold rating to a sell rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $310.64.

Zebra Technologies Trading Up 0.0 %

NASDAQ:ZBRA traded up $0.01 during trading hours on Thursday, hitting $309.06. 161,352 shares of the stock were exchanged, compared to its average volume of 386,025. The company has a market capitalization of $15.88 billion, a P/E ratio of 61.32 and a beta of 1.75. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $288.42 and its two-hundred day moving average is $257.08. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm posted $3.59 earnings per share. On average, sell-side analysts anticipate that Zebra Technologies will post 9.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by company 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.