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.

Analyst Ratings Changes

A number of research firms recently commented on MSI. William Blair reaffirmed an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. StockNews.com upgraded Motorola Solutions from a hold rating to a buy rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Motorola Solutions in a report on Friday, January 19th. They issued a buy rating and a $350.00 target price for the company. Evercore ISI began coverage on Motorola Solutions in a research note on Monday, March 25th. They set an outperform rating and a $400.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $400.00 to $405.00 and gave the company an overweight rating in a research note on Friday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Motorola Solutions has an average rating of Moderate Buy and an average price target of $351.50.

Motorola Solutions Price Performance

Shares of NYSE MSI traded up $17.46 during trading on Friday, reaching $353.70. The company had a trading volume of 1,151,473 shares, compared to its average volume of 724,940. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37. Motorola Solutions has a twelve month low of $269.64 and a twelve month high of $356.17. The stock has a 50-day moving average price of $343.38 and a two-hundred day moving average price of $324.30. The stock has a market capitalization of $58.76 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91.

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

Motorola Solutions Dividend Announcement

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

Insider Buying and Selling at Motorola Solutions

In other news, SVP Cynthia Yazdi sold 4,744 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.