Motorola Solutions (NYSE:MSI) Releases FY 2021 Earnings Guidance

Motorola Solutions (NYSE:MSI) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $9.000-$9.040 for the period, compared to the Thomson Reuters consensus estimate of $8.970. The company issued revenue guidance of $8.16 billion-$8.17 billion, compared to the consensus revenue estimate of $8.15 billion.

MSI stock traded up $4.18 on Thursday, reaching $261.29. 996,807 shares of the company’s stock were exchanged, compared to its average volume of 679,530. The stock has a fifty day moving average of $244.83 and a 200-day moving average of $229.62. Motorola Solutions has a twelve month low of $163.16 and a twelve month high of $261.85. The firm has a market cap of $44.13 billion, a PE ratio of 36.14, a P/E/G ratio of 3.38 and a beta of 0.77.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 4th. The communications equipment provider reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.41. Motorola Solutions had a negative return on equity of 370.72% and a net margin of 15.46%. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the company posted $1.81 earnings per share. Motorola Solutions’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that Motorola Solutions will post 8.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 14th. Investors of record on Wednesday, December 15th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Tuesday, December 14th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.71. Motorola Solutions’s dividend payout ratio is currently 39.28%.

Several research firms have weighed in on MSI. Barclays upped their target price on Motorola Solutions from $267.00 to $280.00 and gave the company an overweight rating in a report on Friday, November 5th. Citigroup upped their target price on Motorola Solutions from $225.00 to $260.00 and gave the company a buy rating in a report on Monday, August 9th. Argus raised Motorola Solutions from a hold rating to a buy rating and set a $280.00 target price on the stock in a report on Thursday, November 11th. MKM Partners upped their target price on Motorola Solutions from $260.00 to $302.00 and gave the company a buy rating in a report on Friday, November 5th. Finally, Zacks Investment Research raised Motorola Solutions from a hold rating to a buy rating and set a $262.00 target price on the stock in a report on Tuesday, November 9th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $254.46.

A hedge fund recently raised its stake in Motorola Solutions stock. Morgan Stanley grew its stake in Motorola Solutions, Inc. (NYSE:MSI) by 17.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 383,655 shares of the communications equipment provider’s stock after acquiring an additional 56,265 shares during the quarter. Morgan Stanley owned about 0.23% of Motorola Solutions worth $83,197,000 at the end of the most recent quarter. Institutional investors and hedge funds own 84.98% of the company’s stock.

About Motorola Solutions

Motorola Solutions, Inc engages in the provision of communication infrastructure, devices, accessories, software and services. It operates through the following segments: Products & Systems Integration and Software & Services. The Products & Systems Integration segment offers an extensive portfolio of infrastructure, devices, accessories, video security devices and infrastructure, and the implementation and integration of such systems, devices, and applications.

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