Brokers Issue Forecasts for Motorola Solutions, Inc.'s FY2024 Earnings (NYSE:MSI)

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

Motorola Solutions (NYSE:MSI - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 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 net margin of 17.12% and a return on equity of 441.65%. The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.38 earnings per share.

Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Monday, February 12th. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research note on Friday, February 9th. Barclays raised their price target on 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 started coverage on Motorola Solutions in a research report on Friday, January 19th. They set a "buy" rating and a $350.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Motorola Solutions from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Motorola Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $348.38.

Motorola Solutions Stock Down 0.3 %

MSI stock traded down $1.05 during mid-day trading on Thursday, reaching $339.46. The company had a trading volume of 493,672 shares, compared to its average volume of 615,797. Motorola Solutions has a fifty-two week low of $269.64 and a fifty-two week high of $355.39. The company has a market capitalization of $56.39 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. The firm has a fifty day simple moving average of $338.99 and a 200 day simple moving average of $319.04.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its position in Motorola Solutions by 11.6% in the 1st quarter. American Century Companies Inc. now owns 3,918 shares of the communications equipment provider's stock valued at $949,000 after acquiring an additional 406 shares during the period. Cibc World Market Inc. increased its holdings in shares of Motorola Solutions by 3.1% in the first quarter. Cibc World Market Inc. now owns 11,087 shares of the communications equipment provider's stock valued at $2,685,000 after purchasing an additional 329 shares during the period. Moors & Cabot Inc. raised its stake in shares of Motorola Solutions by 8.8% during the first quarter. Moors & Cabot Inc. now owns 2,870 shares of the communications equipment provider's stock worth $695,000 after purchasing an additional 231 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Motorola Solutions during the first quarter worth $225,000. Finally, Baird Financial Group Inc. grew its position in Motorola Solutions by 7.3% in the 1st quarter. Baird Financial Group Inc. now owns 55,177 shares of the communications equipment provider's stock valued at $13,362,000 after buying an additional 3,741 shares during the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction that occurred 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 directly owns 8,858 shares of the company's stock, valued at $2,961,229.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Motorola Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a dividend of $0.98 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.15%. 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.