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

Motorola Solutions (NYSE:MSI) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.970-3.020 for the period, compared to the consensus 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

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

Motorola Solutions Price Performance

Shares of MSI stock traded up $14.90 during trading hours on Friday, hitting $351.14. The company’s stock had a trading volume of 229,323 shares, compared to its average volume of 649,777. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37. The stock has a market cap of $58.33 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 3.10 and a beta of 0.91. Motorola Solutions has a twelve month low of $269.64 and a twelve month high of $356.17. The business has a fifty day moving average of $342.91 and a 200-day moving average of $323.39.

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. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. Motorola Solutions’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.38 EPS. As a group, equities research analysts anticipate that Motorola Solutions will post 11.74 EPS for the current year.

Motorola Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.98 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.12%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.48%.

Insider Transactions at Motorola Solutions

In other 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 transaction of $1,585,919.20. Following the sale, the senior vice president now directly owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.