Zebra Technologies (NASDAQ:ZBRA) Updates 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.

Analyst Ratings Changes

A number of research firms have weighed in on ZBRA. Barclays started coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an equal weight rating and a $292.00 price objective on the stock. Wolfe Research raised 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 report on Monday, April 8th. StockNews.com downgraded shares of Zebra Technologies from a hold rating to a sell rating in a research note on Friday, February 16th. Finally, Truist Financial initiated coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They issued a hold rating and a $300.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $278.64.

Zebra Technologies Price Performance

ZBRA stock opened at $318.59 on Tuesday. The company has a market capitalization of $16.37 billion, a PE ratio of 52.54 and a beta of 1.79. 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 business’s fifty day moving average price is $286.87 and its 200 day moving average price is $255.96. Zebra Technologies has a 12-month low of $194.59 and a 12-month high of $320.55.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.70. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.59 earnings per share. On average, sell-side analysts anticipate that Zebra Technologies will post 9.76 EPS for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the company’s 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 sale, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.04% of the company’s stock.

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.