Zebra Technologies (NASDAQ:ZBRA) Releases Q2 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) issued an update on its second quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.600-2.900 for the period, compared to the consensus estimate of 2.560. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion. Zebra Technologies also updated its FY 2024 guidance to 11.250-12.250 EPS.

Zebra Technologies Trading Down 3.0 %

Zebra Technologies stock traded down $9.35 during mid-day trading on Wednesday, hitting $305.21. The company’s stock had a trading volume of 231,035 shares, compared to its average volume of 384,571. The company has a 50 day moving average of $287.73 and a 200-day moving average of $256.72. The stock has a market cap of $15.68 billion, a PE ratio of 53.44 and a beta of 1.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. Zebra Technologies has a one year low of $194.59 and a one year high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company earned $3.59 EPS. The business’s revenue was down 16.4% compared to the same quarter last year. On average, research analysts anticipate that Zebra Technologies will post 9.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen increased their price target on Zebra Technologies from $300.00 to $375.00 and gave the stock a buy rating in a research report on Wednesday. Wolfe Research raised Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 price objective on the stock in a research report on Monday, April 8th. Needham & Company LLC raised their price objective on Zebra Technologies from $320.00 to $352.00 and gave the company a buy rating in a research report on Wednesday. Stephens raised their price objective on Zebra Technologies from $335.00 to $380.00 and gave the company an overweight rating in a research report on Wednesday. Finally, Barclays began coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $310.64.

Insider Buying and Selling at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.04% of the stock is currently 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.