Zebra Technologies (NASDAQ:ZBRA) Issues Q4 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.80 to $4.00 for the period, compared to the consensus estimate of $3.53. The company issued revenue guidance of +28 to +31% yr/yr or $1.292 billion to $1.322 billion, compared to the consensus revenue estimate of $1.25 billion. Zebra Technologies also updated its FY 2024 guidance to 13.300-13.500 EPS.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ZBRA. Vertical Research began coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective on the stock. TD Cowen boosted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. Stephens boosted their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC boosted their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Up 0.4 %

Shares of NASDAQ:ZBRA traded up $1.60 during trading on Friday, hitting $383.57. 97,781 shares of the company’s stock traded hands, compared to its average volume of 359,321. The company has a market cap of $19.78 billion, a price-to-earnings ratio of 51.97 and a beta of 1.66. The company has a 50-day moving average price of $358.62 and a 200-day moving average price of $329.95. The company has a current ratio of 1.37, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. Zebra Technologies has a 52 week low of $198.19 and a 52 week high of $394.57.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. As a group, research analysts forecast that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is 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.