Zebra Technologies (NASDAQ:ZBRA) Issues FY24 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $11.25-$12.25 for the period, compared to the consensus earnings per share 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.

Zebra Technologies Stock Performance

ZBRA traded down $3.12 on Friday, hitting $309.59. The company had a trading volume of 475,223 shares, compared to its average volume of 391,173. The company’s fifty day moving average price is $289.78 and its 200 day moving average price is $258.13. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $322.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.54. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.71. The firm 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 13.05% and a net margin of 5.99%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.59 EPS. Equities analysts predict that Zebra Technologies will post 9.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several recent analyst reports. Barclays began coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price target on the stock. Truist Financial reiterated a hold rating and issued a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday. Stephens boosted their price objective on Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a research note on Wednesday. Needham & Company LLC boosted their price objective on Zebra Technologies from $320.00 to $352.00 and gave the stock a buy rating in a research note on Wednesday. Finally, UBS Group upped their price target on Zebra Technologies from $340.00 to $368.00 and gave the company a buy rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $310.64.

Insiders Place Their Bets

In related news, CAO Colleen M. O’sullivan sold 135 shares of the 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 completion of 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 can be accessed through this link. Corporate insiders own 1.06% of the company’s stock.

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.