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

Zebra Technologies (NASDAQ:ZBRA) updated its FY 2024 earnings guidance on Tuesday. 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 Q2 2024 guidance to 2.600-2.900 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays assumed 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 objective for the company. Truist Financial assumed coverage on shares of Zebra Technologies in a research report on Thursday, March 14th. They issued a hold rating and a $300.00 price objective for the company. StockNews.com downgraded shares of Zebra Technologies from a hold rating to a sell rating in a research report on Friday, February 16th. Finally, Wolfe Research upgraded shares of Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price objective for the company in a research report on Monday, April 8th. Three equities 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 stock. According to MarketBeat, Zebra Technologies currently has an average rating of Hold and a consensus price target of $278.64.

Zebra Technologies Price Performance

ZBRA stock opened at $300.01 on Tuesday. The firm has a 50 day moving average of $286.87 and a 200-day moving average of $255.96. Zebra Technologies has a 12-month low of $194.59 and a 12-month high of $320.55. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 52.54 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The company’s revenue was down 32.9% on a year-over-year basis. During the same period last year, the company posted $4.43 EPS. As a group, equities analysts expect that Zebra Technologies will post 9.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.04% of the stock is owned by corporate 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.