Motorola Solutions, Inc. (NYSE:MSI) Expected to Post FY2024 Earnings of $11.71 Per Share

Motorola Solutions, Inc. (NYSE:MSI) – Research analysts at Zacks Research dropped their FY2024 earnings estimates for shares of Motorola Solutions in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst R. Department now forecasts that the communications equipment provider will earn $11.71 per share for the year, down from their previous estimate of $11.74. The consensus estimate for Motorola Solutions’ current full-year earnings is $11.74 per share.

A number of other equities analysts have also recently weighed in on MSI. Deutsche Bank Aktiengesellschaft began coverage on Motorola Solutions in a report on Friday, January 19th. They issued a “buy” rating and a $350.00 price target for the company. Barclays lifted their price target on shares of Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. StockNews.com upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Evercore ISI started coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One research 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $348.38.

Motorola Solutions Trading Down 0.3 %

Shares of Motorola Solutions stock opened at $339.46 on Thursday. The firm has a 50-day simple moving average of $338.99 and a two-hundred day simple moving average of $319.04. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.85 and a current ratio of 1.00. Motorola Solutions has a fifty-two week low of $269.64 and a fifty-two week high of $355.39. The company has a market cap of $56.39 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.27. The company had revenue of $2.85 billion for 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 firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $3.38 EPS.

Institutional Trading of Motorola Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Saxon Interests Inc. grew its holdings in shares of Motorola Solutions by 7.3% in the first quarter. Saxon Interests Inc. now owns 3,887 shares of the communications equipment provider’s stock valued at $1,380,000 after purchasing an additional 263 shares during the period. Woodmont Investment Counsel LLC acquired a new position in Motorola Solutions in the 1st quarter valued at about $221,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of Motorola Solutions by 8.2% in the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 14,375 shares of the communications equipment provider’s stock valued at $5,103,000 after buying an additional 1,087 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Motorola Solutions by 78.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 84 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 37 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its position in shares of Motorola Solutions by 72.2% during the 1st quarter. Miracle Mile Advisors LLC now owns 1,290 shares of the communications equipment provider’s stock valued at $458,000 after buying an additional 541 shares during the period. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $334.30, for a total value 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.15%. Motorola Solutions’s payout ratio is presently 39.48%.

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.