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

Motorola Solutions (NYSE:MSI) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 12.980-13.080 for the period, compared to the consensus earnings per share 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 Stock Down 1.1 %

MSI stock traded down $4.06 during trading on Monday, hitting $349.64. 1,103,315 shares of the stock traded hands, compared to its average volume of 666,528. Motorola Solutions has a 1 year low of $269.64 and a 1 year high of $356.17. The firm’s 50 day moving average is $343.80 and its two-hundred day moving average is $324.78. The stock has a market cap of $58.32 billion, a price-to-earnings ratio of 43.22, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91. 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 issued its 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. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm posted $3.38 EPS. Motorola Solutions’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Motorola Solutions will post 11.74 EPS for the current year.

Motorola Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid 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 1.12%. Motorola Solutions’s dividend payout ratio (DPR) is presently 48.45%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSI. Evercore ISI assumed coverage on Motorola Solutions in a report on Monday, March 25th. They set an outperform rating and a $400.00 target price for the company. William Blair reiterated an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. StockNews.com upgraded Motorola Solutions from a hold rating to a buy rating in a report on Monday, February 12th. Barclays upped their price target on Motorola Solutions from $362.00 to $372.00 and gave the company an overweight rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Motorola Solutions from $355.00 to $375.00 and gave the stock a buy rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $357.43.

Insider Activity at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction on 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 directly owns 8,858 shares in the company, valued at $2,961,229.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.