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

Motorola Solutions (NYSE:MSI) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 13.220-13.300 for the period, compared to the consensus EPS estimate of 13.090. The company issued revenue guidance of $10.8 billion-$10.8 billion, compared to the consensus revenue estimate of $10.7 billion. Motorola Solutions also updated its FY24 guidance to $13.22-13.30 EPS.

Wall Street Analysts Forecast Growth

MSI has been the subject of several analyst reports. Barclays increased their price target on shares of Motorola Solutions from $372.00 to $467.00 and gave the company an overweight rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $375.00 to $385.00 and gave the stock a buy rating in a research note on Monday, June 3rd. Bank of America upped their price target on Motorola Solutions from $370.00 to $440.00 and gave the company a buy rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $436.00 to $440.00 and gave the stock an overweight rating in a research report on Friday. 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, the company currently has an average rating of Moderate Buy and a consensus price target of $393.14.

Motorola Solutions Price Performance

Shares of MSI stock traded up $11.72 during trading hours on Friday, hitting $410.30. 1,293,684 shares of the company’s stock were exchanged, compared to its average volume of 596,837. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16. The firm has a market cap of $68.44 billion, a P/E ratio of 50.72, a P/E/G ratio of 3.48 and a beta of 0.94. The firm has a 50 day moving average of $384.10 and a two-hundred day moving average of $356.07. Motorola Solutions has a fifty-two week low of $269.64 and a fifty-two week high of $410.67.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a return on equity of 378.15% and a net margin of 14.04%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Sell-side analysts forecast that Motorola Solutions will post 12.09 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 14th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.96%. Motorola Solutions’s payout ratio is currently 48.45%.

Insider Buying and Selling

In other Motorola Solutions news, SVP Rajan Naik sold 5,274 shares of Motorola Solutions stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares in the company, valued at approximately $3,341,487.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Motorola Solutions news, Director Kenneth D. Denman sold 690 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $373.11, for a total transaction of $257,445.90. Following the completion of the sale, the director now owns 8,141 shares of the company’s stock, valued at $3,037,488.51. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total value of $1,971,473.94. Following the transaction, the senior vice president now owns 8,939 shares in the company, valued at approximately $3,341,487.59. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock worth $3,446,461 in the last quarter. 1.50% of the stock is owned by insiders.

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.