Zebra Technologies (NASDAQ:ZBRA - Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 13.300-13.500 for the period, compared to the consensus earnings per share estimate of 12.700. The company issued revenue guidance of $5.0 billion-$5.0 billion, compared to the consensus revenue estimate of $4.9 billion. Zebra Technologies also updated its Q4 guidance to $3.80 to $4.00 EPS.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Stephens lifted their price target 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. Redburn Atlantic upgraded Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. TD Cowen upped their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Truist Financial raised their target price on shares of Zebra Technologies from $345.00 to $379.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, Robert W. Baird upped their price target on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $367.00.
Read Our Latest Stock Analysis on Zebra Technologies
Zebra Technologies Price Performance
Shares of NASDAQ ZBRA traded up $21.10 during midday trading on Tuesday, reaching $384.68. 1,319,453 shares of the company were exchanged, compared to its average volume of 356,475. The stock's 50-day moving average price is $356.25 and its 200-day moving average price is $328.53. The stock has a market cap of $19.84 billion, a P/E ratio of 87.23 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 has a one year low of $194.59 and a one year high of $394.57.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $3.24 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Zebra Technologies will post 11.09 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other 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 completion of the transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.04% of the company's stock.
Zebra Technologies Company Profile
(
Get Free Report)
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.
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