Motorola Solutions (MSI) to Release Earnings on Thursday

Motorola Solutions (NYSE:MSI) will post its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Motorola Solutions to post earnings of $2.75 per share for the quarter. Motorola Solutions has set its Q2 guidance at $2.97-3.02 EPS and its FY24 guidance at $12.98-13.08 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a return on equity of 398.16% and a net margin of 13.64%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. On average, analysts expect Motorola Solutions to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Motorola Solutions Price Performance

MSI opened at $400.41 on Tuesday. Motorola Solutions has a 52-week low of $269.64 and a 52-week high of $400.41. The stock has a market cap of $66.79 billion, a P/E ratio of 48.88, a PEG ratio of 3.44 and a beta of 0.94. The business has a fifty day moving average of $381.41 and a 200 day moving average of $353.97. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 11.16.

Motorola Solutions Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, June 14th. Motorola Solutions’s dividend payout ratio is 48.45%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America upped their target price on Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft upped their target price on Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. upped their target price on Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Barclays boosted 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, May 3rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $374.57.

Insider Activity at Motorola Solutions

In related news, CAO Katherine A. Maher sold 2,615 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the transaction, the chief accounting officer now directly owns 1,138 shares of the company’s stock, valued at approximately $403,625.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP James A. Niewiara sold 810 shares of the company’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 transaction, the senior vice president now directly owns 12,986 shares of the company’s stock, valued at approximately $4,650,156.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Katherine A. Maher sold 2,615 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total value of $927,488.20. Following the transaction, the chief accounting officer now directly owns 1,138 shares in the company, valued at $403,625.84. The disclosure for this sale can be found here. Insiders have sold 9,389 shares of company stock valued at $3,446,461 in the last ninety days. Corporate insiders own 1.50% 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.