Motorola Solutions (NYSE:MSI) Issues Q2 Earnings Guidance

Motorola Solutions (NYSE:MSI) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $2.97-3.02 for the period, compared to the consensus EPS estimate of $2.91. Motorola Solutions also updated its FY24 guidance to $12.98-13.08 EPS.

Wall Street Analyst Weigh In

MSI has been the subject of a number of recent research reports. StockNews.com upgraded shares of Motorola Solutions from a hold rating to a buy rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Motorola Solutions in a report on Friday, January 19th. They issued a buy rating and a $350.00 price objective for the company. William Blair restated an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. Barclays lifted their price objective on Motorola Solutions from $362.00 to $372.00 and gave the stock an overweight rating in a research report on Friday. Finally, Evercore ISI initiated coverage on Motorola Solutions in a report on Monday, March 25th. They issued an outperform rating and a $400.00 target price for the company. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $351.50.

Motorola Solutions Trading Up 5.2 %

MSI traded up $17.46 during trading hours on Friday, reaching $353.70. The company’s stock had a trading volume of 1,151,473 shares, compared to its average volume of 724,940. The business’s 50-day moving average is $343.38 and its 200-day moving average is $324.30. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. The stock has a market cap of $58.76 billion, a PE ratio of 43.72, a P/E/G ratio of 3.27 and a beta of 0.91. Motorola Solutions has a fifty-two week low of $269.64 and a fifty-two week high of $356.17.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating the consensus estimate of $3.63 by $0.27. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a return on equity of 408.01% and a net margin of 13.64%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.38 EPS. As a group, equities research analysts predict that Motorola Solutions will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Activity

In other news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total value of $1,585,919.20. Following the completion of the sale, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions 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.