Zebra Technologies (NASDAQ:ZBRA) Updates Q4 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.800-4.000 for the period, compared to the consensus EPS estimate of 3.540. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Zebra Technologies also updated its FY 2024 guidance to 13.300-13.500 EPS.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded down $1.92 during mid-day trading on Thursday, reaching $381.97. The company had a trading volume of 675,838 shares, compared to its average volume of 360,851. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $394.57. The stock has a market cap of $19.70 billion, a PE ratio of 51.89 and a beta of 1.66. The company has a 50-day moving average price of $357.82 and a two-hundred day moving average price of $329.59.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business earned $3.24 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Zebra Technologies will post 11.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of research analyst reports. Needham & Company LLC increased their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group increased their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley raised their target price on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $385.18.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is currently owned by insiders.

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.