Motorola Solutions (NYSE:MSI) Issues Q2 2024 Earnings Guidance

Motorola Solutions (NYSE:MSI) updated its second quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 2.970-3.020 for the period, compared to the consensus EPS estimate of 2.910. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion. Motorola Solutions also updated its FY 2024 guidance to 12.980-13.080 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MSI shares. Evercore ISI started coverage on Motorola Solutions in a research report on Monday, March 25th. They issued an outperform rating and a $400.00 price target for the company. Barclays upped their price target on Motorola Solutions from $362.00 to $372.00 and gave the company an overweight rating in a research report on Friday. William Blair restated an outperform rating on shares of Motorola Solutions in a research report on Friday, February 9th. JPMorgan Chase & Co. upped their price target on Motorola Solutions from $400.00 to $405.00 and gave the company an overweight rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $355.00 to $375.00 and gave the company a buy rating in a research report 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 data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $357.43.

Motorola Solutions Trading Down 1.1 %

Motorola Solutions stock traded down $4.06 during mid-day trading on Monday, hitting $349.64. The company’s stock had a trading volume of 1,103,315 shares, compared to its average volume of 666,528. The firm has a market capitalization of $58.32 billion, a PE ratio of 43.22, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91. Motorola Solutions has a 1 year low of $269.64 and a 1 year high of $356.17. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The stock’s fifty day moving average is $343.80 and its two-hundred day moving average is $324.78.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the firm earned $3.38 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Motorola Solutions will post 11.74 EPS for the current year.

Motorola Solutions Dividend Announcement

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

Insider Activity

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the firm’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 sale, 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 SEC, which can be accessed through this link. Insiders own 1.26% 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.