Zebra Technologies (NASDAQ:ZBRA) Issues FY24 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $11.25-$12.25 for the period, compared to the consensus EPS 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 Up 3.2 %

NASDAQ:ZBRA traded up $9.66 during trading hours on Tuesday, reaching $309.67. 545,846 shares of the company traded hands, compared to its average volume of 381,768. The business’s 50-day moving average price is $286.87 and its two-hundred day moving average price is $255.96. The stock has a market capitalization of $15.91 billion, a P/E ratio of 55.62 and a beta of 1.79. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $322.95. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67.

Zebra Technologies (NASDAQ:ZBRA) last posted 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 $2.14 by $0.70. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business earned $3.59 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. Analysts predict that Zebra Technologies will post 9.76 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ZBRA. Barclays began coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 price target for the company. StockNews.com lowered Zebra Technologies from a hold rating to a sell rating in a report on Friday, February 16th. Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price target for the company in a report on Monday, April 8th. Finally, Truist Financial assumed coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a hold rating and a $300.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Zebra Technologies currently has an average rating of Hold and an average target price of $278.64.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.04% of the company’s stock.

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.