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.

Analysts Set New Price Targets

A number of research firms recently weighed in on MSI. Deutsche Bank Aktiengesellschaft began coverage on shares of Motorola Solutions in a report on Friday, January 19th. They issued a buy rating and a $350.00 target price for the company. William Blair reissued an outperform rating on shares of Motorola Solutions in a report on Friday, February 9th. StockNews.com upgraded Motorola Solutions from a hold rating to a buy rating in a research report on Monday, February 12th. Evercore ISI assumed coverage on Motorola Solutions in a research report on Monday, March 25th. They issued an outperform rating and a $400.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on Motorola Solutions from $400.00 to $405.00 and gave the stock an overweight rating in a research report 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, the company has an average rating of Moderate Buy and an average price target of $351.50.

Motorola Solutions Trading Up 5.2 %

Shares of NYSE:MSI traded up $17.46 on Friday, hitting $353.70. 1,151,473 shares of the company’s stock were exchanged, 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 stock has a market capitalization of $58.76 billion, a price-to-earnings ratio of 43.72, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91. The business’s 50 day simple moving average is $343.38 and its two-hundred day simple moving average is $324.30. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85.

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 the consensus estimate of $3.63 by $0.27. Motorola Solutions had a return on equity of 408.01% and a net margin of 13.64%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the company earned $3.38 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts anticipate that Motorola Solutions will post 11.74 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a dividend of $0.98 per share. 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 (DPR) is 48.45%.

Insider Activity at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 8,858 shares in the company, valued at $2,961,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.