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

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

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, beating analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a net margin of 17.12% and a return on equity of 441.65%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the company posted $3.38 earnings per share. Motorola Solutions’s revenue was up 5.2% compared to the same quarter last year.

MSI has been the topic of several other reports. Barclays raised their price objective on Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. William Blair reissued an “outperform” rating on shares of Motorola Solutions in a research report on Friday, February 9th. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Evercore ISI began coverage on shares of Motorola Solutions in a research note on Monday, March 25th. They set an “outperform” rating and a $400.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 target price for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $348.38.

Motorola Solutions Stock Performance

NYSE:MSI opened at $339.46 on Thursday. The firm’s fifty day simple moving average is $338.99 and its 200 day simple moving average is $319.04. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 6.37. Motorola Solutions has a twelve month low of $269.64 and a twelve month high of $355.39. The firm has a market capitalization of $56.39 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 3.14 and a beta of 0.90.

Institutional Trading of Motorola Solutions

Several institutional investors and hedge funds have recently bought and sold shares of MSI. Norges Bank acquired a new stake in shares of Motorola Solutions during the fourth quarter worth $646,341,000. Alphinity Investment Management Pty Ltd acquired a new stake in Motorola Solutions during the fourth quarter worth about $339,283,000. Groupama Asset Managment bought a new position in Motorola Solutions in the fourth quarter worth about $178,361,000. Ameriprise Financial Inc. boosted its stake in Motorola Solutions by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 1,193,146 shares of the communications equipment provider’s stock valued at $324,614,000 after acquiring an additional 482,023 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Motorola Solutions by 216.7% during the first quarter. First Trust Advisors LP now owns 435,149 shares of the communications equipment provider’s stock valued at $105,393,000 after purchasing an additional 297,740 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Insider Activity

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is currently 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.