Nathan Andrew Winters, the Chief Financial Officer of Zebra Technologies Corp (NASDAQ:ZBRA), recently sold shares in the company. According to a regulatory filing, Winters sold a total of 1,837 shares of Class A Common Stock on October 31, 2024. The shares were sold at prices ranging from $381.29 to $381.89, resulting in a total transaction value of approximately $701,240.
Following these transactions, Winters holds 11,421 shares of Zebra Technologies, maintaining a direct ownership stake in the company. Zebra Technologies, headquartered in Lincolnshire, Illinois, specializes in general industrial machinery and equipment.
In other recent news, Zebra Technologies has reported a substantial Q3 growth and raised its full-year outlook. The company's Q3 sales reached nearly $1.3 billion, marking a 31% year-on-year increase, and non-GAAP diluted earnings per share rose to $3.49, a 300% rise from the previous year. The EBITDA margin also improved significantly to 21.4%, driven by strong performances across all primary end markets, particularly mobile computing, data capture, and printing.
Zebra Technologies anticipates Q4 sales growth between 28% and 31% and expects its full-year adjusted EBITDA margins to be approximately 21%. The company's non-GAAP diluted earnings per share are projected to be between $13.30 and $13.50, with free cash flow anticipated to reach at least $850 million.
Despite a potential decline in Q4 gross margin due to an increase in larger deal volumes and cautious visibility for large projects in 2025 due to macroeconomic factors, Zebra Technologies remains optimistic about the continuation of recovery into 2025. Discussions during the earnings call also included potential tariff impacts from the upcoming election and diversification of the supply chain. These are the recent developments for Zebra Technologies.
InvestingPro Insights
In light of Nathan Andrew Winters' recent sale of Zebra Technologies Corp (NASDAQ:ZBRA) shares, it's worth examining some key financial metrics and insights provided by InvestingPro.
Zebra Technologies currently boasts a market capitalization of $19.44 billion, reflecting its significant presence in the industrial machinery sector. The company's stock has shown remarkable performance, with a one-year price total return of 79.49% as of the latest data. This strong return aligns with an InvestingPro Tip indicating that ZBRA has experienced a high return over the last year.
The company's P/E ratio stands at 50.6, suggesting that investors are willing to pay a premium for ZBRA's earnings. This is further supported by an InvestingPro Tip noting that the stock is trading at a high earnings multiple. Despite this high valuation, 15 analysts have revised their earnings upwards for the upcoming period, potentially signaling confidence in the company's future performance.
Zebra Technologies' revenue for the last twelve months as of Q3 2024 was $4.66 billion, with a gross profit margin of 47.53%. While the company experienced a revenue decline of 8.31% over this period, it's noteworthy that the quarterly revenue growth for Q3 2024 was a robust 31.28%, indicating a potential turnaround in sales performance.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights. Currently, there are 13 more InvestingPro Tips available for Zebra Technologies, providing a deeper understanding of the company's financial health and market position.
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