Motorola Solutions (NYSE:MSI – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $10.03-$10.13 for the period, compared to the consensus EPS estimate of $9.86. The company issued revenue guidance of $8.82 billion-$8.82 billion, compared to the consensus revenue estimate of $8.75 billion. Motorola Solutions also updated its Q3 2022 guidance to $2.85-$2.90 EPS.
Motorola Solutions Stock Performance
MSI traded up $3.69 during trading on Friday, reaching $255.97. The company had a trading volume of 897,399 shares, compared to its average volume of 738,936. The firm's 50-day simple moving average is $220.64 and its 200 day simple moving average is $222.71. The company has a market cap of $42.82 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 3.09 and a beta of 0.92. Motorola Solutions has a 12-month low of $195.18 and a 12-month high of $273.65.
Get Motorola Solutions alerts:Motorola Solutions (NYSE:MSI – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The communications equipment provider reported $2.07 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.20. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Motorola Solutions had a negative return on equity of 571.78% and a net margin of 14.22%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 earnings per share. On average, sell-side analysts expect that Motorola Solutions will post 9.08 EPS for the current year.
Motorola Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.23%. Motorola Solutions's dividend payout ratio is currently 45.60%.Wall Street Analyst Weigh In
MSI has been the subject of a number of recent analyst reports. Cowen raised their price objective on Motorola Solutions to $311.00 in a research report on Tuesday. Credit Suisse Group raised their price objective on Motorola Solutions to $301.00 in a research note on Tuesday. Loop Capital initiated coverage on Motorola Solutions in a research note on Monday, April 25th. They set a buy rating and a $295.00 price objective on the stock. StockNews.com upgraded Motorola Solutions from a hold rating to a buy rating in a research note on Friday, August 5th. Finally, Barclays lifted their price target on Motorola Solutions to $305.00 in a research note on Tuesday. One equities 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.com, the company currently has an average rating of Moderate Buy and an average price target of $287.11.
Insider Buying and Selling
In other Motorola Solutions news, CEO Gregory Q. Brown sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $219.75, for a total transaction of $5,493,750.00. Following the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. 1.85% of the stock is owned by company insiders.
Institutional Trading of Motorola Solutions
A number of hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. grew its position in Motorola Solutions by 881.8% during the 1st quarter. Brown Brothers Harriman & Co. now owns 324 shares of the communications equipment provider's stock worth $78,000 after purchasing an additional 291 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of Motorola Solutions by 7.1% during the 1st quarter. Evergreen Capital Management LLC now owns 843 shares of the communications equipment provider's stock worth $204,000 after buying an additional 56 shares during the last quarter. Range Financial Group LLC acquired a new stake in Motorola Solutions in the 1st quarter valued at approximately $205,000. PFS Investments Inc. acquired a new stake in Motorola Solutions in the 1st quarter valued at approximately $207,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Motorola Solutions in the 1st quarter valued at approximately $225,000. Hedge funds and other institutional investors own 85.65% of the company's stock.
About Motorola Solutions
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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.
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