Zebra Technologies (NASDAQ:ZBRA) Issues Q2 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) issued an update on its second quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.600-2.900 for the period, compared to the consensus EPS estimate of 2.560. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion. Zebra Technologies also updated its FY 2024 guidance to 11.250-12.250 EPS.

Zebra Technologies Price Performance

NASDAQ ZBRA traded up $6.42 on Tuesday, reaching $306.43. 449,165 shares of the stock traded hands, compared to its average volume of 380,633. The firm’s fifty day simple moving average is $286.87 and its 200 day simple moving average is $255.96. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 55.62 and a beta of 1.79. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data 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. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the company posted $3.59 EPS. As a group, research analysts predict that Zebra Technologies will post 9.76 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate 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.