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

Motorola Solutions (NYSE:MSI) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 13.630-13.680 for the period, compared to the consensus earnings per share estimate of 13.340. The company issued revenue guidance of $10.8 billion-$10.8 billion, compared to the consensus revenue estimate of $10.8 billion. Motorola Solutions also updated its FY24 guidance to $13.63-$13.68 EPS.

Motorola Solutions Stock Performance

NYSE MSI traded up $0.87 on Thursday, hitting $470.00. 794,967 shares of the company’s stock were exchanged, compared to its average volume of 666,459. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03. The firm’s 50-day moving average price is $452.76 and its two-hundred day moving average price is $407.52. Motorola Solutions has a fifty-two week low of $305.73 and a fifty-two week high of $480.28. The firm has a market cap of $78.41 billion, a price-to-earnings ratio of 55.10, a P/E/G ratio of 3.86 and a beta of 0.97.

Motorola Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is 45.90%.

Analyst Upgrades and Downgrades

MSI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Bank of America upped their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays upped their target price on Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group upped their target price on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $479.50.

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.