Motorola Solutions (NYSE:MSI) Issues FY 2024 Earnings Guidance

Motorola Solutions (NYSE:MSI) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 12.980-13.080 for the period, compared to the consensus EPS estimate of 12.740. The company issued revenue guidance of $10.7 billion-$10.7 billion, compared to the consensus revenue estimate of $10.6 billion. Motorola Solutions also updated its Q2 2024 guidance to 2.970-3.020 EPS.

Motorola Solutions Stock Down 1.1 %

Shares of Motorola Solutions stock traded down $4.06 during trading on Monday, hitting $349.64. The company’s stock had a trading volume of 1,103,315 shares, compared to its average volume of 666,528. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19. The company has a fifty day simple moving average of $343.80 and a two-hundred day simple moving average of $324.78. The company has a market capitalization of $58.32 billion, a PE ratio of 43.22, a P/E/G ratio of 3.27 and a beta of 0.91. Motorola Solutions has a 52 week low of $269.64 and a 52 week high of $356.17.

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

Motorola Solutions Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.12%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSI. JPMorgan Chase & Co. raised their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an overweight rating in a research note on Friday. Evercore ISI began coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an outperform rating and a $400.00 price objective for the company. Barclays raised their price objective on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an overweight rating in a research note on Friday. StockNews.com raised shares of Motorola Solutions from a hold rating to a buy rating in a report on Monday, February 12th. Finally, William Blair reaffirmed an outperform rating on shares of Motorola Solutions in a report on Friday, February 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $357.43.

Insider Buying and Selling

In related news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total value of $1,585,919.20. Following the transaction, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by 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.