Motorola Solutions, Inc. (NYSE:MSI) to Post FY2024 Earnings of $11.71 Per Share, Zacks Research Forecasts

Motorola Solutions, Inc. (NYSE:MSI) – Equities research analysts at Zacks Research decreased their FY2024 earnings estimates for shares of Motorola Solutions in a research note issued on Tuesday, April 16th. Zacks Research analyst R. Department now forecasts that the communications equipment provider will post earnings of $11.71 per share for the year, down from their previous estimate of $11.74. The consensus estimate for Motorola Solutions’ current full-year earnings is $11.74 per share.

Several other equities analysts have also recently issued reports on MSI. Barclays boosted their target price on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research note on Friday, February 9th. Evercore ISI started coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price for the company. Finally, StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Motorola Solutions has a consensus rating of “Moderate Buy” and an average price target of $348.38.

Motorola Solutions Stock Performance

Shares of NYSE MSI opened at $339.65 on Thursday. 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 company has a 50 day simple moving average of $339.17 and a two-hundred day simple moving average of $319.50. Motorola Solutions has a 12 month low of $269.64 and a 12 month high of $355.39. The stock has a market cap of $56.42 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 3.15 and a beta of 0.90.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating the consensus estimate of $3.63 by $0.27. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the business posted $3.38 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year.

Institutional Investors Weigh In On Motorola Solutions

Large investors have recently modified their holdings of the business. Quarry LP purchased a new stake in shares of Motorola Solutions during the fourth quarter worth $28,000. Private Wealth Management Group LLC purchased a new stake in shares of Motorola Solutions in the fourth quarter valued at about $29,000. Rise Advisors LLC purchased a new stake in shares of Motorola Solutions in the first quarter valued at about $29,000. Northwest Capital Management Inc grew its holdings in shares of Motorola Solutions by 71.4% in the fourth quarter. Northwest Capital Management Inc now owns 96 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 40 shares during the period. Finally, Motco grew its holdings in shares of Motorola Solutions by 137.5% in the fourth quarter. Motco now owns 95 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

In other news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s dividend payout ratio is presently 39.48%.

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.