Motorola Solutions (NYSE:MSI) Updates FY 2022 Earnings Guidance

Motorola Solutions (NYSE:MSIGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $9.80-$9.95 for the period, compared to the consensus earnings per share estimate of $9.85. The company issued revenue guidance of $8.74 billion-$8.74 billion, compared to the consensus revenue estimate of $8.76 billion.Motorola Solutions also updated its Q2 2022 guidance to $1.83-$1.88 EPS.

Several brokerages have issued reports on MSI. Citigroup increased their price target on Motorola Solutions from $260.00 to $275.00 in a report on Thursday, February 10th. Barclays increased their price target on Motorola Solutions from $280.00 to $300.00 and gave the stock an overweight rating in a report on Thursday, February 10th. StockNews.com downgraded Motorola Solutions from a buy rating to a hold rating in a report on Friday, May 13th. Morgan Stanley lowered their price target on Motorola Solutions from $265.00 to $250.00 and set an equal weight rating for the company in a report on Tuesday, January 25th. Finally, Loop Capital initiated coverage on Motorola Solutions in a report on Monday, April 25th. They set a buy rating and a $295.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Motorola Solutions presently has an average rating of Buy and a consensus price target of $275.55.

Shares of NYSE MSI opened at $210.28 on Friday. The stock has a 50 day moving average price of $225.16 and a 200 day moving average price of $237.21. Motorola Solutions has a 52 week low of $199.24 and a 52 week high of $273.65. The stock has a market capitalization of $35.18 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.91.

Motorola Solutions (NYSE:MSIGet Rating) last issued its quarterly earnings results on Thursday, May 12th. The communications equipment provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. Motorola Solutions had a negative return on equity of 633.02% and a net margin of 15.30%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the firm posted $1.74 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Motorola Solutions will post 9.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th will be given a $0.79 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.50%. Motorola Solutions’s payout ratio is 43.35%.

In other news, CEO Gregory Q. Brown sold 81,731 shares of the stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $221.92, for a total transaction of $18,137,743.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory Q. Brown sold 100,000 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $218.02, for a total value of $21,802,000.00. The disclosure for this sale can be found here. Company insiders own 1.85% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MSI. Morgan Stanley increased its stake in shares of Motorola Solutions by 17.2% during the second quarter. Morgan Stanley now owns 383,655 shares of the communications equipment provider’s stock worth $83,197,000 after purchasing an additional 56,265 shares during the period. Heritage Wealth Advisors increased its stake in Motorola Solutions by 534.2% during the 4th quarter. Heritage Wealth Advisors now owns 1,021 shares of the communications equipment provider’s stock worth $277,000 after acquiring an additional 860 shares during the period. Barclays PLC increased its stake in Motorola Solutions by 21.4% during the 4th quarter. Barclays PLC now owns 330,913 shares of the communications equipment provider’s stock worth $89,908,000 after acquiring an additional 58,443 shares during the period. Integrated Wealth Concepts LLC increased its stake in Motorola Solutions by 6.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,288 shares of the communications equipment provider’s stock worth $350,000 after acquiring an additional 82 shares during the period. Finally, Boston Private Wealth LLC increased its stake in Motorola Solutions by 24.1% during the 4th quarter. Boston Private Wealth LLC now owns 2,000 shares of the communications equipment provider’s stock worth $544,000 after acquiring an additional 389 shares during the period. Institutional investors own 85.65% of the company’s stock.

About Motorola Solutions (Get Rating)

Motorola Solutions, Inc provides mission critical communications and analytics 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.

Featured Stories

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.