Motorola Solutions (NYSE:MSI) Releases Q2 Earnings Guidance

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an overweight rating in a research note 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. William Blair reaffirmed an outperform rating on shares of Motorola Solutions in a research note on Friday, February 9th. JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an overweight rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They set a buy rating and a $350.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $351.50.

Motorola Solutions Trading Up 5.2 %

Shares of MSI traded up $17.46 during mid-day trading on Friday, hitting $353.70. The company had a trading volume of 1,151,473 shares, compared to its average volume of 724,940. The business’s 50-day simple moving average is $343.38 and its 200-day simple moving average is $324.30. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 6.37. Motorola Solutions has a 1-year low of $269.64 and a 1-year high of $356.17. The stock has a market cap of $58.76 billion, a PE ratio of 43.72, a P/E/G ratio of 3.27 and a beta of 0.91.

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

Motorola Solutions Announces Dividend

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

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction 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 $2,961,229.40. The sale was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate 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.