Motorola Solutions (NYSE:MSI) Updates FY24 Earnings Guidance

Motorola Solutions (NYSE:MSI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $13.22-13.30 for the period, compared to the consensus earnings per share estimate of $13.09. The company issued revenue guidance of +8% yr/yr to $10.77 billion, compared to the consensus revenue estimate of $10.69 billion. Motorola Solutions also updated its Q3 guidance to $3.32-3.37 EPS.

Motorola Solutions Stock Performance

Motorola Solutions stock traded down $0.34 during mid-day trading on Thursday, reaching $398.58. The company’s stock had a trading volume of 799,638 shares, compared to its average volume of 653,336. The firm has a market cap of $66.48 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 3.46 and a beta of 0.94. The business has a 50 day moving average price of $382.48 and a 200-day moving average price of $354.84. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. Motorola Solutions has a twelve month low of $269.64 and a twelve month high of $403.22.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.29. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. Sell-side analysts predict that Motorola Solutions will post 12.07 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

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

Analyst Ratings Changes

MSI has been the subject of several analyst reports. Barclays boosted their price target on shares of Motorola Solutions from $362.00 to $372.00 and gave the company an overweight rating in a report on Friday, May 3rd. Bank of America boosted their price target on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a buy rating in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a buy rating in a report on Monday, June 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an overweight rating in a report on Friday, May 3rd. 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, Motorola Solutions presently has an average rating of Moderate Buy and a consensus target price of $374.57.

Insiders Place Their Bets

In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total transaction of $290,052.90. Following the sale, the senior vice president now owns 12,986 shares in the company, valued at approximately $4,650,156.74. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Motorola Solutions news, SVP James A. Niewiara sold 810 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total transaction of $290,052.90. Following the sale, the senior vice president now owns 12,986 shares in the company, valued at approximately $4,650,156.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Katherine A. Maher sold 2,615 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the sale, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $403,625.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,389 shares of company stock worth $3,446,461. 1.50% of the stock is owned by corporate insiders.

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.