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

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

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.27. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.82 billion. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $3.38 earnings per share.

A number of other equities analysts have also issued reports on the stock. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Evercore ISI started coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. William Blair reiterated an “outperform” rating on shares of Motorola Solutions in a research report on Friday, February 9th. Finally, Barclays lifted their price objective on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $348.38.

Motorola Solutions Stock Performance

Shares of 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 firm has a market cap of $56.42 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 3.15 and a beta of 0.90. The company’s 50 day simple moving average is $339.17 and its 200-day simple moving average is $319.50. Motorola Solutions has a 12-month low of $269.64 and a 12-month high of $355.39.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.48%.

Insider Buying and Selling at Motorola Solutions

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 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 filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Motorola Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in shares of Motorola Solutions during the 1st quarter worth $29,000. Hexagon Capital Partners LLC raised its stake in shares of Motorola Solutions by 78.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 37 shares during the last quarter. Quarry LP acquired a new position in shares of Motorola Solutions during the 4th quarter worth $28,000. Private Wealth Management Group LLC acquired a new position in shares of Motorola Solutions during the 4th quarter worth $29,000. Finally, Motco raised its stake in shares of Motorola Solutions by 137.5% during the 4th quarter. Motco now owns 95 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

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.