Motorola Solutions (NYSE:MSI) Issues FY24 Earnings Guidance

Motorola Solutions (NYSE:MSI) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $12.98-13.08 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MSI shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They issued a buy rating and a $350.00 price objective on the stock. Evercore ISI initiated coverage on Motorola Solutions in a research report on Monday, March 25th. They set an outperform rating and a $400.00 price objective for the company. 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 report on Monday, February 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Motorola Solutions from $400.00 to $405.00 and gave the company an overweight rating in a research note on Friday. One equities 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.com, Motorola Solutions presently has an average rating of Moderate Buy and a consensus price target of $351.50.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded up $17.46 during trading hours on Friday, hitting $353.70. 1,151,473 shares of the stock were exchanged, compared to its average volume of 724,940. The firm has a market capitalization 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. Motorola Solutions has a one year low of $269.64 and a one year 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’s 50 day moving average is $343.38 and its 200 day moving average is $324.30.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 408.01%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.38 earnings per share. On average, research analysts expect that Motorola Solutions will post 11.74 EPS for the current year.

Motorola Solutions Announces Dividend

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

Insider Activity

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 8,858 shares in the company, valued at approximately $2,961,229.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by company 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.