Motorola Solutions (NYSE:MSI) Issues Q2 Earnings Guidance

Motorola Solutions (NYSE:MSI) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $2.97-3.02 for the period, compared to the consensus EPS estimate of $2.91. Motorola Solutions also updated its FY24 guidance to $12.98-13.08 EPS.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSI. StockNews.com raised shares of Motorola Solutions from a hold rating to a buy rating in a research report on Monday, February 12th. Barclays upped their target price on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an overweight rating in a research report on Friday. William Blair reaffirmed an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. Evercore ISI initiated coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an outperform rating and a $400.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They set a buy rating and a $350.00 target price on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $351.50.

Motorola Solutions Stock Performance

Shares of MSI stock traded up $17.46 during trading hours on Friday, reaching $353.70. 1,151,473 shares of the company traded hands, compared to its average volume of 724,940. Motorola Solutions has a 12-month low of $269.64 and a 12-month high of $356.17. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. The company has a market cap of $58.76 billion, a P/E ratio of 43.72, a P/E/G ratio of 3.27 and a beta of 0.91. The firm has a 50-day moving average price of $343.38 and a 200 day moving average price of $324.30.

Motorola Solutions (NYSE:MSI) last posted 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. 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 analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm earned $3.38 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Motorola Solutions will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Cynthia Yazdi sold 4,744 shares of the business’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 transaction, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is 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.