Motorola Solutions (NYSE:MSI) Releases FY24 Earnings Guidance

Motorola Solutions (NYSE:MSI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $13.22-13.30 for the period, compared to the consensus earnings per share estimate of $13.09. The company issued revenue guidance of +8% yr/yr to $10.77 billion, compared to the consensus revenue estimate of $10.69 billion. Motorola Solutions also updated its FY 2024 guidance to 13.220-13.300 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MSI shares. Bank of America lifted their price objective on shares of Motorola Solutions from $370.00 to $440.00 and gave the company a buy rating in a research note on Thursday, July 18th. Barclays boosted their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an overweight rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an overweight rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Motorola Solutions from $375.00 to $385.00 and gave the company a buy rating in a report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Motorola Solutions presently has an average rating of Moderate Buy and an average target price of $393.14.

Motorola Solutions Stock Up 2.9 %

NYSE MSI traded up $11.72 on Friday, hitting $410.30. 1,293,684 shares of the stock traded hands, compared to its average volume of 596,837. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16. The stock has a 50-day moving average of $384.10 and a 200 day moving average of $356.07. Motorola Solutions has a twelve month low of $269.64 and a twelve month high of $410.67. The company has a market capitalization of $68.44 billion, a P/E ratio of 50.72, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 2nd. The communications equipment provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.29. Motorola Solutions had a net margin of 14.04% and a return on equity of 378.15%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. As a group, analysts expect that Motorola Solutions will post 12.09 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were paid a dividend of $0.98 per share. The ex-dividend date was Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 0.96%. Motorola Solutions’s dividend payout ratio (DPR) is 48.45%.

Insider Buying and Selling at Motorola Solutions

In other news, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total transaction of $927,488.20. Following the sale, the chief accounting officer now owns 1,138 shares of the company’s stock, valued at $403,625.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the completion of the sale, the chief accounting officer now directly owns 1,138 shares in the company, valued at $403,625.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rajan Naik sold 5,274 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the completion of the sale, the senior vice president now owns 8,939 shares in the company, valued at $3,341,487.59. The disclosure for this sale can be found here. Insiders sold a total of 9,389 shares of company stock worth $3,446,461 over the last ninety days. Company 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.