Motorola Solutions (NYSE:MSI) Releases Q2 2022 Earnings Guidance

Motorola Solutions (NYSE:MSIGet Rating) issued an update on its second quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.83-$1.88 for the period, compared to the consensus estimate of $2.09. The company issued revenue guidance of $2.05 billion-$2.07 billion, compared to the consensus revenue estimate of $2.06 billion.Motorola Solutions also updated its FY 2022 guidance to $9.80-$9.95 EPS.

Shares of Motorola Solutions stock traded up $4.79 during trading hours on Thursday, hitting $210.26. The company’s stock had a trading volume of 1,533,029 shares, compared to its average volume of 955,267. Motorola Solutions has a twelve month low of $198.61 and a twelve month high of $273.65. The firm has a fifty day moving average of $225.33 and a 200-day moving average of $237.60. The stock has a market cap of $35.21 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 2.57 and a beta of 0.91.

Motorola Solutions (NYSE:MSIGet Rating) last announced its quarterly earnings results on Thursday, May 12th. The communications equipment provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. Motorola Solutions had a negative return on equity of 633.02% and a net margin of 15.30%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the company posted $1.74 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Equities analysts predict that Motorola Solutions will post 9.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.50%. The ex-dividend date is Tuesday, June 14th. Motorola Solutions’s payout ratio is 43.35%.

Several equities analysts recently issued reports on MSI shares. Barclays increased their target price on Motorola Solutions from $280.00 to $300.00 and gave the stock an overweight rating in a research note on Thursday, February 10th. Citigroup increased their target price on Motorola Solutions from $260.00 to $275.00 in a research note on Thursday, February 10th. Loop Capital started coverage on Motorola Solutions in a research note on Monday, April 25th. They set a buy rating and a $295.00 target price on the stock. Credit Suisse Group decreased their target price on Motorola Solutions from $306.00 to $288.00 and set an outperform rating on the stock in a research note on Thursday, February 10th. Finally, StockNews.com lowered Motorola Solutions from a buy rating to a hold rating in a research note on Friday, May 13th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $275.55.

In related news, CEO Gregory Q. Brown sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $218.02, for a total transaction of $21,802,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory Q. Brown sold 81,731 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $221.92, for a total value of $18,137,743.52. The disclosure for this sale can be found here. Corporate insiders own 1.85% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its position in Motorola Solutions by 216.7% during the 1st quarter. First Trust Advisors LP now owns 435,149 shares of the communications equipment provider’s stock worth $105,393,000 after acquiring an additional 297,740 shares during the period. Weiss Multi Strategy Advisers LLC acquired a new stake in Motorola Solutions during the 1st quarter worth approximately $30,275,000. Bridgewater Associates LP acquired a new stake in Motorola Solutions during the 1st quarter worth approximately $23,632,000. Caisse DE Depot ET Placement DU Quebec lifted its position in Motorola Solutions by 1,039.3% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 69,500 shares of the communications equipment provider’s stock worth $16,833,000 after acquiring an additional 63,400 shares during the period. Finally, Barclays PLC lifted its position in Motorola Solutions by 21.4% during the 4th quarter. Barclays PLC now owns 330,913 shares of the communications equipment provider’s stock worth $89,908,000 after acquiring an additional 58,443 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

About Motorola Solutions (Get Rating)

Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

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