Motorola Solutions (NYSE:MSI) Updates FY24 Earnings Guidance

Motorola Solutions (NYSE:MSI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $12.98-13.08 for the period, compared to the consensus earnings per share estimate of $12.73. The company issued revenue guidance of ~$10.68 billion, compared to the consensus revenue estimate of $10.59 billion. Motorola Solutions also updated its Q2 guidance to $2.97-3.02 EPS.

Analysts Set New Price Targets

Several research firms recently weighed in on MSI. Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a research report on Friday, January 19th. They set a buy rating and a $350.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $400.00 to $405.00 and gave the stock an overweight rating in a research report on Friday. William Blair reissued an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. Barclays boosted 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, StockNews.com raised Motorola Solutions from a hold rating to a buy rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Motorola Solutions has an average rating of Moderate Buy and an average target price of $351.50.

Motorola Solutions Stock Performance

MSI traded up $17.46 on Friday, hitting $353.70. 1,151,473 shares of the stock traded hands, compared to its average volume of 724,940. Motorola Solutions has a 52 week low of $269.64 and a 52 week high of $356.17. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37. The firm has a market capitalization of $58.76 billion, a PE ratio of 43.72, a P/E/G ratio of 3.27 and a beta of 0.91. The business has a fifty day moving average price of $343.38 and a two-hundred day moving average price of $324.30.

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

Motorola Solutions Dividend Announcement

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

Insider Activity

In other news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 8,858 shares in the company, valued at approximately $2,961,229.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% 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.