Zebra Technologies (NASDAQ:ZBRA) Issues FY24 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its FY24 earnings guidance on Tuesday. 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.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Cowen raised their price objective on Zebra Technologies from $300.00 to $375.00 and gave the company a buy rating in a research note on Wednesday. Truist Financial reiterated a hold rating and issued a $315.00 target price (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday. Robert W. Baird boosted their price objective on Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a research note on Wednesday. Barclays initiated coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 target price on the stock. Finally, StockNews.com lowered Zebra Technologies from a hold rating to a sell rating in a report on Friday, February 16th. 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 stock. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $310.64.

Zebra Technologies Stock Up 1.5 %

NASDAQ:ZBRA traded up $4.67 during trading hours on Thursday, reaching $313.72. The company had a trading volume of 238,877 shares, compared to its average volume of 386,905. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The business’s 50-day simple moving average is $288.42 and its two-hundred day simple moving average is $257.08. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $322.95. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 61.32 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the company posted $3.59 EPS. On average, equities analysts expect that Zebra Technologies will post 9.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.