Motorola Solutions (NYSE:MSI) Issues Earnings Results, Beats Estimates By $0.27 EPS

Motorola Solutions (NYSE:MSI – Get Free Report) released its quarterly earnings results on Wednesday. The communications equipment provider reported $4.69 earnings per share for the quarter, beating the consensus estimate of $4.42 by $0.27, FiscalAI reports. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Motorola Solutions had a return on equity of 98.22% and a net margin of 17.44%.

Motorola Solutions Trading Up 0.9%

MSI traded up $4.29 during trading hours on Wednesday, reaching $495.29. 1,729,459 shares of the company’s stock traded hands, compared to its average volume of 1,051,656. The firm has a 50-day moving average price of $466.62 and a 200 day moving average price of $440.18. The firm has a market capitalization of $81.96 billion, a PE ratio of 39.00, a PEG ratio of 2.91 and a beta of 0.86. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13. Motorola Solutions has a 52-week low of $359.36 and a 52-week high of $499.00.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were issued a dividend of $1.21 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.84 dividend on an annualized basis and a yield of 1.0%. Motorola Solutions’s payout ratio is presently 38.11%.

Trending Headlines about Motorola Solutions

Here are the key news stories impacting Motorola Solutions this week:

Analysts Set New Price Targets

Several analysts have recently issued reports on MSI shares. Piper Sandler upped their price objective on Motorola Solutions from $530.00 to $531.00 and gave the stock an “overweight” rating in a report on Tuesday, September 22nd. Weiss Ratings upgraded shares of Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Truist Financial upped their price target on shares of Motorola Solutions from $525.00 to $545.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Zacks Research cut shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $476.00 price objective (up from $470.00) on shares of Motorola Solutions in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $530.10.

Get Our Latest Report on Motorola Solutions

Insiders Place Their Bets

In other Motorola Solutions news, CEO Gregory Brown sold 14,220 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $485.22, for a total value of $6,899,828.40. Following the completion of the sale, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at $32,338,942.56. The trade was a 17.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kathryn A. Moore sold 1,004 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the completion of the transaction, the senior vice president owned 1,282 shares in the company, valued at $611,462.72. This represents a 43.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.28% of the company’s stock.

Motorola Solutions Company Profile

(Get Free Report)

Motorola Solutions, Inc provides mission-critical communications, public safety, and enterprise security technologies. The company develops products and services that help governments, law enforcement agencies, emergency responders, commercial organizations, and other institutions coordinate operations, protect people, and manage critical events.

Its portfolio includes two-way radios and broadband communication systems, command center software, computer-aided dispatch and records management solutions, video security and analytics, access control, and cybersecurity services.

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Earnings History for Motorola Solutions (NYSE:MSI)

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