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

Motorola Solutions (NYSE:MSIGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $10.03-$10.13 for the period, compared to the consensus earnings per share estimate of $9.86. The company issued revenue guidance of $8.82 billion-$8.82 billion, compared to the consensus revenue estimate of $8.75 billion. Motorola Solutions also updated its FY22 guidance to $10.03-$10.13 EPS.

Motorola Solutions Stock Up 4.4 %

Shares of MSI traded up $10.52 during mid-day trading on Friday, hitting $250.21. 1,706,631 shares of the company’s stock were exchanged, compared to its average volume of 627,596. Motorola Solutions has a 52 week low of $195.18 and a 52 week high of $273.65. The stock’s 50-day simple moving average is $217.66 and its 200-day simple moving average is $221.99. The firm has a market cap of $41.86 billion, a price-to-earnings ratio of 36.11, a price-to-earnings-growth ratio of 3.09 and a beta of 0.92.

Motorola Solutions (NYSE:MSIGet Rating) last announced its earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.87 by $0.20. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 752.91%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. Analysts forecast that Motorola Solutions will post 9.01 earnings per share for the current fiscal year.

Motorola Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Tuesday, June 14th. Motorola Solutions’s dividend payout ratio is presently 45.60%.

Analyst Ratings Changes

MSI has been the topic of several analyst reports. Loop Capital started coverage on shares of Motorola Solutions in a report on Monday, April 25th. They set a buy rating and a $295.00 price target on the stock. Morgan Stanley raised shares of Motorola Solutions from an equal weight rating to an overweight rating and set a $240.00 target price on the stock in a report on Monday, May 23rd. StockNews.com raised shares of Motorola Solutions from a hold rating to a buy rating in a report on Friday. Finally, Credit Suisse Group increased their price target on shares of Motorola Solutions from $290.00 to $295.00 and gave the stock an outperform rating in a report on Wednesday, June 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Motorola Solutions currently has an average rating of Moderate Buy and a consensus target price of $282.75.

Insider Activity

In other news, CEO Gregory Q. Brown sold 25,000 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $219.75, for a total transaction of $5,493,750.00. Following the completion of the sale, the chief executive officer now directly owns 35,348 shares of the company’s stock, valued at $7,767,723. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.85% of the company’s stock.

Institutional Trading of Motorola Solutions

Several hedge funds have recently modified their holdings of MSI. Brown Brothers Harriman & Co. increased its holdings in shares of Motorola Solutions by 881.8% during the first quarter. Brown Brothers Harriman & Co. now owns 324 shares of the communications equipment provider’s stock valued at $78,000 after acquiring an additional 291 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Motorola Solutions by 7.1% in the 1st quarter. Evergreen Capital Management LLC now owns 843 shares of the communications equipment provider’s stock worth $204,000 after buying an additional 56 shares during the period. Range Financial Group LLC acquired a new position in Motorola Solutions in the 1st quarter worth approximately $205,000. PFS Investments Inc. acquired a new position in Motorola Solutions in the 1st quarter worth approximately $207,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Motorola Solutions in the 1st quarter worth approximately $225,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

About Motorola Solutions

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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.

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