Zebra Technologies (NASDAQ:ZBRA) Issues Q3 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.000-3.300 for the period, compared to the consensus estimate of 3.060. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Zebra Technologies also updated its FY 2024 guidance to 12.300-12.900 EPS.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several recent analyst reports. Robert W. Baird upped their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an outperform rating in a report on Wednesday. UBS Group raised their price target on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Vertical Research started coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a buy rating and a $375.00 price objective for the company. BNP Paribas raised Zebra Technologies from an underperform rating to a neutral rating and upped their target price for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. Finally, Barclays lifted their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an equal weight rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Zebra Technologies has an average rating of Moderate Buy and a consensus target price of $340.92.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded up $3.07 on Wednesday, hitting $351.19. The company had a trading volume of 631,716 shares, compared to its average volume of 359,893. The firm has a market cap of $18.06 billion, a P/E ratio of 69.68 and a beta of 1.66. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $372.93. The company has a 50-day moving average price of $315.57 and a 200-day moving average price of $294.31. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.24 EPS. As a group, equities research analysts predict that Zebra Technologies will post 10.76 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now directly owns 3,809 shares in the company, valued at approximately $1,220,822.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is 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.