Motorola Solutions, Inc. (NYSE:MSI) Expected to Post Q1 2024 Earnings of $2.16 Per Share

Posted by Defense World Staff on Oct 19th, 2023

Motorola Solutions, Inc. (NYSE:MSI – Free Report) – Analysts at Zacks Research decreased their Q1 2024 earnings per share estimates for Motorola Solutions in a research report issued on Tuesday, October 17th. Zacks Research analyst S. Bose now forecasts that the communications equipment provider will post earnings per share of $2.16 for the quarter, down from their prior forecast of $2.19. The consensus estimate for Motorola Solutions’ current full-year earnings is $10.44 per share. Zacks Research also issued estimates for Motorola Solutions’ Q2 2024 earnings at $2.54 EPS, FY2024 earnings at $11.01 EPS, Q2 2025 earnings at $3.08 EPS and Q3 2025 earnings at $3.16 EPS.

Motorola Solutions (NYSE:MSI – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.14. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Motorola Solutions had a return on equity of 2,157.02% and a net margin of 15.72%. Motorola Solutions’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $1.87 earnings per share.

Several other brokerages have also recently weighed in on MSI. JPMorgan Chase & Co. reduced their price target on Motorola Solutions from $320.00 to $311.00 and set an “overweight” rating for the company in a research report on Monday, August 7th. Bank of America assumed coverage on Motorola Solutions in a report on Monday, October 9th. They issued a “buy” rating and a $330.00 price objective on the stock. Barclays reduced their price target on Motorola Solutions from $329.00 to $322.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Raymond James upped their target price on Motorola Solutions from $315.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, StockNews.com downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $312.57.

Check Out Our Latest Research Report on Motorola Solutions

Motorola Solutions Stock Performance

NYSE:MSI opened at $288.22 on Wednesday. The company has a debt-to-equity ratio of 17.14, a current ratio of 1.23 and a quick ratio of 0.96. The business has a fifty day simple moving average of $281.07 and a two-hundred day simple moving average of $285.31. Motorola Solutions has a 1 year low of $219.43 and a 1 year high of $299.43. The company has a market capitalization of $48.13 billion, a P/E ratio of 32.68, a P/E/G ratio of 2.59 and a beta of 0.92.

Hedge Funds Weigh In On Motorola Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Tucker Asset Management LLC purchased a new stake in shares of Motorola Solutions in the 1st quarter worth $27,000. Albion Financial Group UT lifted its stake in Motorola Solutions by 3,633.3% in the second quarter. Albion Financial Group UT now owns 112 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 109 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in Motorola Solutions in the second quarter worth about $33,000. Strategic Investment Solutions Inc. IL bought a new stake in Motorola Solutions in the first quarter worth about $35,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Motorola Solutions during the second quarter worth approximately $35,000. 82.37% of the stock is owned by institutional investors.

Insider Activity at Motorola Solutions

In other news, Director Kenneth D. Denman sold 1,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $284.58, for a total transaction of $284,580.00. Following the transaction, the director now directly owns 8,101 shares of the company’s stock, valued at approximately $2,305,382.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

Motorola Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 15th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.52 annualized dividend and a yield of 1.22%. Motorola Solutions’s dividend payout ratio (DPR) is presently 39.91%.

About Motorola Solutions

(Get Free Report)

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.

Earnings History and Estimates for Motorola Solutions (NYSE:MSI)

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