Motorola Solutions (NYSE:MSI) Releases Earnings Results, Beats Estimates By $0.20 EPS

Financial News Live · Aug 8, 2022 00:21

Motorola Solutions (NYSE:MSI – Get Rating) released its quarterly earnings data on Thursday. The communications equipment provider reported $2.07 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.20, RTT News reports. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. Motorola Solutions had a net margin of 14.22% and a negative return on equity of 752.91%. Motorola Solutions's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $1.94 earnings per share.

Motorola Solutions Stock Performance

Shares of NYSE MSI traded up $10.52 during mid-day trading on Friday, hitting $250.21. The stock had a trading volume of 1,706,631 shares, compared to its average volume of 627,596. Motorola Solutions has a 1 year low of $195.18 and a 1 year high of $273.65. The business has a 50 day moving average price of $217.66 and a two-hundred day moving average price of $222.11. The firm has a market cap of $41.86 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 3.09 and a beta of 0.92.

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Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, June 14th. Motorola Solutions's payout ratio is 45.60%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MSI. Credit Suisse Group raised their target price on shares of Motorola Solutions from $290.00 to $295.00 and gave the company an "outperform" rating in a research note on Wednesday, June 22nd. Morgan Stanley raised shares of Motorola Solutions from an "equal weight" rating to an "overweight" rating and set a $240.00 target price on the stock in a research note on Monday, May 23rd. Loop Capital initiated coverage on shares of Motorola Solutions in a research note on Monday, April 25th. They set a "buy" rating and a $295.00 price target on the stock. Finally, StockNews.com raised shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $282.75.

Insider Buying and Selling

In related news, CEO Gregory Q. Brown sold 25,000 shares of Motorola Solutions stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $219.75, for a total value of $5,493,750.00. Following the transaction, the chief executive officer now directly owns 35,348 shares of the company's stock, valued at $7,767,723. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.85% of the stock is owned by insiders.

Institutional Trading of Motorola Solutions

Several large investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC boosted its holdings in Motorola Solutions by 7.1% in the first quarter. Evergreen Capital Management LLC now owns 843 shares of the communications equipment provider's stock valued at $204,000 after acquiring an additional 56 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Motorola Solutions by 1.0% during the 1st quarter. Federated Hermes Inc. now owns 6,070 shares of the communications equipment provider's stock valued at $1,470,000 after buying an additional 59 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its holdings in shares of Motorola Solutions by 3.8% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 2,377 shares of the communications equipment provider's stock valued at $576,000 after buying an additional 87 shares in the last quarter. Ancora Advisors LLC boosted its holdings in shares of Motorola Solutions by 1.3% during the 1st quarter. Ancora Advisors LLC now owns 7,042 shares of the communications equipment provider's stock valued at $1,324,000 after buying an additional 89 shares in the last quarter. Finally, Kinneret Advisory LLC boosted its holdings in shares of Motorola Solutions by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 7,896 shares of the communications equipment provider's stock valued at $1,919,000 after buying an additional 177 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Motorola Solutions Company Profile

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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.