Zebra Technologies (NASDAQ:ZBRA) Issues Q4 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) issued an update on 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 EPS 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

Several analysts have recently weighed in on ZBRA shares. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial reiterated a “hold” rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a report on Wednesday. Morgan Stanley upped their price target on Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday. Stephens lifted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Vertical Research started coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $375.64.

Zebra Technologies Trading Down 0.9 %

ZBRA stock traded down $3.27 during trading on Wednesday, reaching $381.41. 590,097 shares of the stock were exchanged, compared to its average volume of 357,588. The business has a 50 day moving average price of $357.05 and a 200-day moving average price of $329.20. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $394.57. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 86.47 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.24 earnings per share. On average, research analysts predict that Zebra Technologies will post 11.09 earnings per share for the current year.

Insider Activity at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction dated 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 owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.04% 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.