Zacks Research Comments on Motorola Solutions, Inc.’s Q2 2023 Earnings (NYSE:MSI)

Motorola Solutions, Inc. (NYSE:MSI – Get Rating) – Equities research analysts at Zacks Research raised their Q2 2023 earnings per share estimates for shares of Motorola Solutions in a research note issued to investors on Tuesday, March 14th. Zacks Research analyst S. Bose now expects that the communications equipment provider will post earnings per share of $2.03 for the quarter, up from their prior estimate of $1.98. The consensus estimate for Motorola Solutions’ current full-year earnings is $10.09 per share. Zacks Research also issued estimates for Motorola Solutions’ Q4 2023 earnings at $3.29 EPS.

A number of other research analysts have also issued reports on the company. TheStreet upgraded Motorola Solutions from a “c+” rating to a “b” rating in a research report on Thursday, February 9th. Edward Jones lowered Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, January 23rd. StockNews.com began coverage on Motorola Solutions in a research report on Thursday. They set a “buy” rating for the company. Barclays cut their price objective on Motorola Solutions from $306.00 to $303.00 and set an “overweight” rating for the company in a report on Friday, February 10th. Finally, JPMorgan Chase & Co. upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $300.00 to $305.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $290.67.

Motorola Solutions Price Performance

Shares of NYSE MSI opened at $264.24 on Friday. Motorola Solutions has a twelve month low of $195.18 and a twelve month high of $275.16. The company has a current ratio of 1.15, a quick ratio of 0.92 and a debt-to-equity ratio of 45.90. The company has a market capitalization of $44.19 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.85 and a beta of 0.92. The business has a 50 day simple moving average of $262.49 and a 200-day simple moving average of $253.02.

Motorola Solutions (NYSE:MSI – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The communications equipment provider reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.53 billion. Motorola Solutions had a negative return on equity of 663.73% and a net margin of 14.96%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.66 EPS.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 15th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. Motorola Solutions’s dividend payout ratio (DPR) is currently 44.39%.

Insider Transactions at Motorola Solutions

In other news, Director Kenneth D. Denman sold 1,500 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $266.33, for a total transaction of $399,495.00. Following the completion of the sale, the director now owns 8,313 shares in the company, valued at approximately $2,214,001.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Kenneth D. Denman sold 1,500 shares of the stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $266.33, for a total transaction of $399,495.00. Following the completion of the sale, the director now owns 8,313 shares in the company, valued at approximately $2,214,001.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Cynthia Yazdi sold 8,734 shares of the stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $270.37, for a total value of $2,361,411.58. Following the sale, the senior vice president now owns 2,873 shares of the company’s stock, valued at approximately $776,773.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,167 shares of company stock worth $10,066,483. 1.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Motorola Solutions

Several large investors have recently added to or reduced their stakes in the company. Legacy Advisors LLC raised its holdings in shares of Motorola Solutions by 4.3% in the 4th quarter. Legacy Advisors LLC now owns 943 shares of the communications equipment provider’s stock worth $244,000 after buying an additional 39 shares in the last quarter. Spire Wealth Management lifted its position in shares of Motorola Solutions by 4.4% during the fourth quarter. Spire Wealth Management now owns 950 shares of the communications equipment provider’s stock worth $245,000 after purchasing an additional 40 shares in the last quarter. OLD National Bancorp IN grew its stake in shares of Motorola Solutions by 1.3% during the fourth quarter. OLD National Bancorp IN now owns 3,218 shares of the communications equipment provider’s stock valued at $830,000 after purchasing an additional 41 shares during the last quarter. Integrated Advisors Network LLC increased its holdings in shares of Motorola Solutions by 3.8% in the third quarter. Integrated Advisors Network LLC now owns 1,217 shares of the communications equipment provider’s stock valued at $273,000 after purchasing an additional 44 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in Motorola Solutions by 23.4% in the 4th quarter. First Horizon Advisors Inc. now owns 237 shares of the communications equipment provider’s stock worth $61,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Motorola Solutions Company Profile

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Motorola Solutions, Inc engages in the provision of communication infrastructure, devices, accessories, software, and services. It operates through the following 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 the implementation and integration of such systems, devices, and applications.