Motorola Solutions (NYSE:MSI) Issues FY24 Earnings Guidance

Motorola Solutions (NYSE:MSI - Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $12.98-13.08 for the period, compared to the consensus estimate of $12.73. The company issued revenue guidance of ~$10.68 billion, compared to the consensus revenue estimate of $10.59 billion. Motorola Solutions also updated its Q2 guidance to $2.97-3.02 EPS.

Motorola Solutions Stock Performance

NYSE:MSI traded down $0.15 during trading hours on Thursday, reaching $335.85. The stock had a trading volume of 1,377,436 shares, compared to its average volume of 655,595. 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 stock has a 50 day simple moving average of $342.91 and a 200 day simple moving average of $323.39. 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 $55.79 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 3.13 and a beta of 0.91.

Motorola Solutions (NYSE:MSI - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $2.82 billion. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $3.38 earnings per share. On average, research analysts forecast that Motorola Solutions will post 11.74 EPS for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed 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. This represents a $3.92 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, March 14th. Motorola Solutions's dividend payout ratio is 39.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MSI shares. Evercore ISI started coverage on Motorola Solutions in a research note on Monday, March 25th. They set an outperform rating and a $400.00 price objective for the company. William Blair reaffirmed an outperform rating on shares of Motorola Solutions in a research note on Friday, February 9th. StockNews.com raised Motorola Solutions from a hold rating to a buy rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their price target on Motorola Solutions from $360.00 to $400.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a research note on Friday, January 19th. They set a buy rating and a $350.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $348.38.

Insider Activity

In other news, SVP Cynthia Yazdi sold 4,744 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the transaction, the senior vice president now directly owns 8,858 shares of the company's stock, valued at approximately $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 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.