Zebra Technologies (NASDAQ:ZBRA) Issues Q4 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.800-4.000 for the period, compared to the consensus earnings per share estimate of 3.540. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Zebra Technologies also updated its FY 2024 guidance to 13.300-13.500 EPS.

Zebra Technologies Stock Down 0.5 %

ZBRA stock traded down $1.92 during mid-day trading on Thursday, reaching $381.97. 675,838 shares of the company traded hands, compared to its average volume of 360,851. The firm’s 50 day moving average price is $357.82 and its 200 day moving average price is $329.59. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $394.57. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 51.89 and a beta of 1.66. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned $3.24 earnings per share. Zebra Technologies’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Zebra Technologies will post 11.09 EPS for the current fiscal year.

Analyst Ratings Changes

ZBRA has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research note on Wednesday. Vertical Research assumed coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price on the stock. Stephens boosted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, UBS Group increased their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction 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 sale, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by corporate 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.