Motorola Solutions (NYSE:MSI) Issues Q2 2022 Earnings Guidance

Motorola Solutions (NYSE:MSIGet Rating) issued an update on its second quarter 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $1.83-$1.88 for the period, compared to the consensus EPS estimate of $2.09. The company issued revenue guidance of $2.05 billion-$2.07 billion, compared to the consensus revenue estimate of $2.06 billion.Motorola Solutions also updated its FY 2022 guidance to $9.80-$9.95 EPS.

Shares of NYSE MSI opened at $213.44 on Thursday. Motorola Solutions has a 1-year low of $199.24 and a 1-year high of $273.65. The business has a 50-day moving average of $224.33 and a 200-day moving average of $236.55. The company has a market capitalization of $35.71 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.58 and a beta of 0.91.

Motorola Solutions (NYSE:MSIGet Rating) last issued its earnings results on Thursday, May 12th. The communications equipment provider reported $1.53 earnings per share for the quarter, topping 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 company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business earned $1.74 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. Sell-side analysts expect that Motorola Solutions will post 9.05 earnings per share for the current fiscal year.

The business also recently announced 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. This represents a $3.16 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, June 14th. Motorola Solutions’s payout ratio is 43.35%.

MSI has been the subject of a number of analyst reports. Zacks Investment Research raised Motorola Solutions from a sell rating to a hold rating and set a $226.00 price target for the company in a report on Monday. Morgan Stanley raised 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. Citigroup increased their target price 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 research report on Thursday, February 10th. Finally, Credit Suisse Group dropped their price target on Motorola Solutions from $306.00 to $288.00 and set an outperform rating on the stock in a research report on Thursday, February 10th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $271.36.

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

Several institutional investors have recently modified their holdings of MSI. First Trust Advisors LP boosted its position in shares of Motorola Solutions by 216.7% in the first quarter. First Trust Advisors LP now owns 435,149 shares of the communications equipment provider’s stock worth $105,393,000 after buying an additional 297,740 shares during the period. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Motorola Solutions during the first quarter worth $30,275,000. Bridgewater Associates LP purchased a new stake in shares of Motorola Solutions during the first quarter worth $23,632,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Motorola Solutions by 1,039.3% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 69,500 shares of the communications equipment provider’s stock worth $16,833,000 after acquiring an additional 63,400 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Motorola Solutions by 21.4% during the fourth 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 in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.

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