Motorola Solutions (NYSE:MSI) Issues FY 2024 Earnings Guidance

Motorola Solutions (NYSE:MSI) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 12.980-13.080 for the period, compared to the consensus estimate of 12.740. The company issued revenue guidance of $10.7 billion-$10.7 billion, compared to the consensus revenue estimate of $10.6 billion. Motorola Solutions also updated its Q2 2024 guidance to 2.970-3.020 EPS.

Motorola Solutions Trading Down 1.1 %

Shares of MSI traded down $4.06 during mid-day trading on Monday, reaching $349.64. The stock had a trading volume of 1,103,315 shares, compared to its average volume of 666,528. Motorola Solutions has a 52-week low of $269.64 and a 52-week high of $356.17. The firm has a market cap of $58.32 billion, a price-to-earnings ratio of 43.22, a P/E/G ratio of 3.27 and a beta of 0.91. The business’s fifty day moving average is $343.80 and its 200 day moving average is $324.78. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.19 and a quick ratio of 1.01.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.27. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the company posted $3.38 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that Motorola Solutions will post 11.74 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Thursday, March 14th. Motorola Solutions’s payout ratio is 48.45%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an outperform rating and a $400.00 target price for the company. Barclays boosted their price objective on Motorola Solutions from $362.00 to $372.00 and gave the company an overweight rating in a report on Friday. JPMorgan Chase & Co. raised their target price on Motorola Solutions from $400.00 to $405.00 and gave the company an overweight rating in a report on Friday. StockNews.com upgraded shares of Motorola Solutions from a hold rating to a buy rating in a research note on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Motorola Solutions from $355.00 to $375.00 and gave the company a buy rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of Moderate Buy and a consensus price target of $357.43.

Insider Buying and Selling

In related 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 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 $2,961,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.26% of the company’s stock.

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.