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

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays raised their price target on Motorola Solutions from $362.00 to $372.00 and gave the stock an overweight rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $355.00 to $375.00 and gave the company a buy rating in a research note on Monday. Evercore ISI began coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an outperform rating and a $400.00 price objective on the stock. StockNews.com upgraded Motorola Solutions from a hold rating to a buy rating in a research note on Monday, February 12th. Finally, William Blair reiterated an outperform rating on shares of Motorola Solutions in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $357.43.

Motorola Solutions Stock Performance

MSI traded down $4.06 during trading on Monday, reaching $349.64. The company’s stock had a trading volume of 1,103,315 shares, compared to its average volume of 666,528. Motorola Solutions has a 52-week low of $269.64 and a 52-week high of $356.17. The company’s fifty day moving average price is $343.80 and its 200-day moving average price is $324.78. The company has a market capitalization of $58.32 billion, a price-to-earnings ratio of 43.22, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.01 and a current ratio of 1.19.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.27. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.38 EPS. On average, equities analysts forecast that Motorola Solutions will post 11.74 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, March 14th. Motorola Solutions’s payout ratio is 48.45%.

Insider Activity

In other news, SVP Cynthia Yazdi sold 4,744 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 8,858 shares of the company’s stock, valued at approximately $2,961,229.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.26% 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.