Zebra Technologies (NASDAQ:ZBRA) Releases Q2 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $2.60-$2.90 for the period, compared to the consensus EPS estimate of $2.56. The company issued revenue guidance of $1.153-$1.202 billion, compared to the consensus revenue estimate of $1.14 billion. Zebra Technologies also updated its FY 2024 guidance to 11.250-12.250 EPS.

Zebra Technologies Stock Up 1.5 %

ZBRA traded up $4.67 during midday trading on Thursday, reaching $313.72. 238,877 shares of the company were exchanged, compared to its average volume of 386,905. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. The company’s fifty day moving average price is $288.42 and its 200 day moving average price is $257.08. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 61.32 and a beta of 1.75. Zebra Technologies has a one year low of $194.59 and a one year high of $322.95.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZBRA. StockNews.com downgraded shares of Zebra Technologies from a hold rating to a sell rating in a research note on Friday, February 16th. Wolfe Research upgraded 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 research report on Monday, April 8th. Robert W. Baird lifted their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a research note on Wednesday. Barclays began coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They set an equal weight rating and a $292.00 target price on the stock. Finally, 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 research note on Wednesday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $310.64.

Insider Activity

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.