Zebra Technologies (NASDAQ:ZBRA – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 12.300-12.900 for the period, compared to the consensus EPS estimate of 11.920. The company issued revenue guidance of $4.8 billion-$4.9 billion, compared to the consensus revenue estimate of $4.8 billion. Zebra Technologies also updated its FY24 guidance to $12.30-$12.90 EPS.
Zebra Technologies Stock Performance
Shares of ZBRA stock traded up $17.28 during trading on Tuesday, reaching $352.37. 802,017 shares of the company’s stock traded hands, compared to its average volume of 355,155. The firm’s 50-day moving average is $314.56 and its 200 day moving average is $293.21. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $18.12 billion, a P/E ratio of 72.46 and a beta of 1.66. Zebra Technologies has a 1 year low of $194.59 and a 1 year high of $371.11.
Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the company posted $3.59 EPS. Equities research analysts expect that Zebra Technologies will post 10.76 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Analysis on ZBRA
Insiders Place Their Bets
In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now directly 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 Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is currently 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.
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