Zebra Technologies (NASDAQ:ZBRA) Issues Q3 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $3.00-$3.30 for the period, compared to the consensus earnings per share estimate of $3.05. The company issued revenue guidance of $1.195-$1.224 billion, compared to the consensus revenue estimate of $1.19 billion. Zebra Technologies also updated its FY 2024 guidance to 12.300-12.900 EPS.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ZBRA shares. Needham & Company LLC increased their price target on Zebra Technologies from $370.00 to $394.00 and gave the stock a buy rating in a report on Wednesday. StockNews.com raised shares of Zebra Technologies from a sell rating to a hold rating in a research report on Thursday, May 2nd. Robert W. Baird upped their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an outperform rating in a report on Wednesday. Vertical Research assumed coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a buy rating and a $375.00 price objective for the company. Finally, TD Cowen upped their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a buy rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Zebra Technologies has an average rating of Moderate Buy and a consensus price target of $340.92.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $325.41 on Friday. Zebra Technologies has a 52 week low of $194.59 and a 52 week high of $372.93. The company’s 50 day moving average price is $315.94 and its two-hundred day moving average price is $294.64. The stock has a market cap of $16.73 billion, a P/E ratio of 67.97 and a beta of 1.65. The company has a quick ratio of 0.56, a current ratio of 1.28 and a debt-to-equity ratio of 0.63.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. Zebra Technologies’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $3.24 earnings per share. On average, equities analysts predict that Zebra Technologies will post 10.76 earnings per share for the current year.

Insider Buying and Selling

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.