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 EPS guidance of 2.970-3.020 for the period, compared to the consensus EPS 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.

Motorola Solutions Price Performance

Shares of NYSE MSI traded down $4.06 during mid-day trading on Monday, hitting $349.64. 1,103,315 shares of the stock traded hands, compared to its average volume of 666,528. Motorola Solutions has a twelve month low of $269.64 and a twelve month high of $356.17. The firm has a 50 day simple moving average of $343.80 and a two-hundred day simple moving average of $324.78. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01. The company has a market cap of $58.32 billion, a PE ratio of 43.22, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91.

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

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s payout ratio is currently 48.45%.

Analyst Upgrades and Downgrades

MSI has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted 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. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $400.00 to $405.00 and gave the company an overweight rating in a research report on Friday. Evercore ISI started coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an outperform rating and a $400.00 price objective on the stock. Barclays upped their target price on Motorola Solutions from $362.00 to $372.00 and gave the company an overweight rating in a report on Friday. Finally, William Blair restated an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $357.43.

Insider Activity 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 shares were sold at an average price of $334.30, for a total value 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 $2,961,229.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.26% of the stock is owned by corporate insiders.

About Motorola Solutions

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.