Motorola Solutions (NYSE:MSI) Issues Q2 Earnings Guidance

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

Wall Street Analysts Forecast Growth

MSI has been the subject of several recent analyst reports. William Blair reiterated an outperform rating on shares of Motorola Solutions in a research note on Friday, February 9th. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $400.00 to $405.00 and gave the stock an overweight rating in a research report on Friday. StockNews.com upgraded Motorola Solutions from a hold rating to a buy rating in a research note on Monday, February 12th. 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 target for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on 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 investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $351.50.

Motorola Solutions Stock Performance

NYSE MSI traded up $17.46 during trading hours on Friday, reaching $353.70. The stock had a trading volume of 1,151,473 shares, compared to its average volume of 724,940. Motorola Solutions has a 52-week low of $269.64 and a 52-week high of $356.17. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. The stock has a market cap of $58.76 billion, a P/E ratio of 43.72, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91. The stock has a fifty day moving average of $343.38 and a 200 day moving average of $324.30.

Motorola Solutions (NYSE:MSI) last announced its quarterly 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. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a return on equity of 408.01% and a net margin of 13.64%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $3.38 EPS. Sell-side analysts predict that Motorola Solutions will post 11.74 earnings per share for the current year.

Motorola Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders 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 yield of 1.11%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Insider Buying and Selling 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 transaction, the senior vice president now owns 8,858 shares in the company, valued at approximately $2,961,229.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% 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.