Motorola Solutions (NYSE:MSI) Updates 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.

Motorola Solutions Stock Up 0.1 %

Shares of MSI stock traded up $0.24 on Thursday, reaching $336.24. 1,156,590 shares of the company’s stock traded hands, compared to its average volume of 652,998. Motorola Solutions has a 12-month low of $269.64 and a 12-month high of $355.39. 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 company has a market capitalization of $55.86 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 3.13 and a beta of 0.91. The business’s 50 day moving average price is $342.82 and its two-hundred day moving average price is $323.30.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $3.38 earnings per share. Motorola Solutions’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Motorola Solutions will post 11.74 earnings per share for the current year.

Motorola Solutions Announces Dividend

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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.17%. Motorola Solutions’s dividend payout ratio is presently 39.48%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MSI. JPMorgan Chase & Co. boosted their price objective on Motorola Solutions from $360.00 to $400.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. StockNews.com upgraded Motorola Solutions from a hold rating to a buy rating in a research note on Monday, February 12th. William Blair reissued an outperform rating on shares of Motorola Solutions in a report on Friday, February 9th. Evercore ISI initiated coverage on Motorola Solutions in a report on Monday, March 25th. They set an outperform rating and a $400.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Motorola Solutions in a research report on Friday, January 19th. They issued a buy rating and a $350.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Motorola Solutions presently has an average rating of Moderate Buy and a consensus target price of $348.38.

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 sale, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.