Motorola Solutions (NYSE:MSI) issued an update on its first quarter 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $1.11-1.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.14. The company issued revenue guidance of $1.629-1.629 billion, compared to the consensus revenue estimate of $1.59 billion.Motorola Solutions also updated its FY 2019 guidance to $7.55-7.70 EPS.
MSI stock traded down $1.81 during midday trading on Thursday, reaching $118.62. The company’s stock had a trading volume of 1,031,510 shares, compared to its average volume of 1,062,318. Motorola Solutions has a 1 year low of $96.94 and a 1 year high of $133.97. The firm has a market cap of $19.52 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 1.67 and a beta of 0.53.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th were paid a $0.57 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.92%. Motorola Solutions’s dividend payout ratio (DPR) is presently 43.85%.
In other news, SVP Rajan Naik sold 14,606 shares of the firm’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $127.00, for a total transaction of $1,854,962.00. Following the transaction, the senior vice president now owns 10,544 shares in the company, valued at $1,339,088. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.
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About Motorola Solutions
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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