Motorola Solutions (NYSE:MSI) Releases Q2 2024 Earnings Guidance

Motorola Solutions (NYSE:MSI) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.970-3.020 for the period, compared to the consensus estimate of 2.910. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion. Motorola Solutions also updated its FY 2024 guidance to 12.980-13.080 EPS.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSI. Barclays lifted their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an overweight rating in a report on Friday. StockNews.com raised shares of Motorola Solutions from a hold rating to a buy rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an overweight rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $355.00 to $375.00 and gave the stock a buy rating in a research note on Monday. Finally, 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 objective for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $357.43.

Motorola Solutions Trading Down 1.1 %

Shares of NYSE MSI traded down $4.06 during midday 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. Motorola Solutions has a 12-month low of $269.64 and a 12-month high of $356.17. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The firm has a market cap of $58.32 billion, a P/E ratio of 43.22, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91. The business’s 50 day moving average is $343.80 and its two-hundred day moving average is $324.78.

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

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid 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 1.12%. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Insider Transactions at Motorola Solutions

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the sale, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.26% of the company’s stock.

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.