Motorola Solutions (NYSE:MSI) Releases Q2 2024 Earnings Guidance

Motorola Solutions (NYSE:MSI) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.970-3.020 for the period, compared to the consensus estimate of 2.910. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion. Motorola Solutions also updated its FY 2024 guidance to 12.980-13.080 EPS.

Motorola Solutions Stock Down 1.1 %

Shares of MSI traded down $4.06 during mid-day trading on Monday, reaching $349.64. The company’s stock had a trading volume of 1,103,315 shares, compared to its average volume of 666,528. The stock has a market cap of $58.32 billion, a PE ratio of 43.22, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. Motorola Solutions has a 12-month low of $269.64 and a 12-month high of $356.17. The company’s 50 day moving average is $343.80 and its 200 day moving average is $324.78.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.38 EPS. Equities analysts anticipate that Motorola Solutions will post 11.74 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a $0.98 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.12%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MSI. StockNews.com raised Motorola Solutions from a hold rating to a buy rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $355.00 to $375.00 and gave the stock a buy rating in a research report on Monday. Evercore ISI assumed coverage on Motorola Solutions in a research report on Monday, March 25th. They set an outperform rating and a $400.00 price objective for the company. William Blair reaffirmed an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. Finally, Barclays increased 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $357.43.

Insider Transactions at Motorola Solutions

In other news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the transaction, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.26% of the company’s stock.

About Motorola Solutions

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.