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

Motorola Solutions, Inc. (NYSE:MSI) – Analysts at Zacks Research dropped their FY2024 earnings per share estimates for 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 post earnings per share of $11.71 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.

Several other brokerages have also recently issued reports on MSI. Deutsche Bank Aktiengesellschaft started coverage on Motorola Solutions in a research note on Friday, January 19th. They issued a “buy” rating and a $350.00 price objective for the company. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Barclays raised their price objective on Motorola Solutions from $333.00 to $352.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. raised their price objective on Motorola Solutions from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Evercore ISI started coverage on Motorola Solutions in a research note on Monday, March 25th. They issued an “outperform” rating and a $400.00 price objective for the company. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $348.38.

Motorola Solutions Trading Up 0.1 %

Motorola Solutions stock opened at $340.51 on Thursday. The stock has a 50-day moving average of $338.77 and a two-hundred day moving average of $318.90. 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 one year low of $269.64 and a one year high of $355.39. The stock has a market cap of $56.57 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.27. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business posted $3.38 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year.

Institutional Investors Weigh In On Motorola Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd raised its position in Motorola Solutions by 61.1% in the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock valued at $90,846,000 after purchasing an additional 126,517 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Motorola Solutions by 2.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock valued at $260,204,000 after buying an additional 17,807 shares during the period. Sherbrooke Park Advisers LLC raised its holdings in shares of Motorola Solutions by 224.3% in the 3rd quarter. Sherbrooke Park Advisers LLC now owns 3,891 shares of the communications equipment provider’s stock valued at $1,059,000 after buying an additional 2,691 shares during the period. Sei Investments Co. raised its holdings in shares of Motorola Solutions by 9.8% in the 3rd quarter. Sei Investments Co. now owns 74,767 shares of the communications equipment provider’s stock valued at $20,353,000 after buying an additional 6,671 shares during the period. Finally, Diversified Trust Co raised its holdings in shares of Motorola Solutions by 4.2% in the 4th quarter. Diversified Trust Co now owns 4,004 shares of the communications equipment provider’s stock valued at $1,254,000 after buying an additional 162 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insider Activity at Motorola Solutions

In related news, SVP Cynthia Yazdi sold 4,744 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 1st. The stock was 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 in the company, valued at $2,961,229.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

Motorola Solutions Dividend Announcement

The business 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. This represents a $3.92 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, March 14th. Motorola Solutions’s dividend payout ratio is currently 39.48%.

About Motorola Solutions

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.