Motorola Solutions (NYSE:MSI) Releases Q3 2022 Earnings Guidance

Financial News Live · Aug 14, 2022 21:32

Motorola Solutions (NYSE:MSI – Get Rating) issued an update on its third quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.85-$2.90 for the period, compared to the consensus estimate of $2.75. The company issued revenue guidance of $2.32 billion-$2.32 billion, compared to the consensus revenue estimate of $2.26 billion. Motorola Solutions also updated its FY 2022 guidance to $10.03-$10.13 EPS.

Motorola Solutions Stock Up 1.5 %

MSI stock opened at $255.97 on Friday. The firm has a market cap of $42.82 billion, a PE ratio of 36.94, a P/E/G ratio of 3.13 and a beta of 0.92. The business has a 50 day moving average of $220.64 and a 200-day moving average of $222.68. Motorola Solutions has a 12-month low of $195.18 and a 12-month high of $273.65.

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Motorola Solutions (NYSE:MSI – Get Rating) last released its earnings results on Thursday, August 4th. The communications equipment provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. Motorola Solutions had a negative return on equity of 571.78% and a net margin of 14.22%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company posted $1.94 earnings per share. Motorola Solutions's quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Motorola Solutions will post 9.08 earnings per share for the current year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, June 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $3.16 annualized dividend and a yield of 1.23%. Motorola Solutions's payout ratio is 45.60%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays increased their price objective on Motorola Solutions to $305.00 in a research report on Tuesday, August 9th. Cowen raised their price objective on Motorola Solutions to $311.00 in a research note on Tuesday, August 9th. Morgan Stanley raised 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. Credit Suisse Group raised their price objective on shares of Motorola Solutions to $301.00 in a report on Tuesday, August 9th. Finally, StockNews.com upgraded shares of Motorola Solutions from a hold rating to a buy rating in a report on Friday, August 5th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $287.11.

Insider Activity

In related news, CEO Gregory Q. Brown sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $219.75, for a total transaction of $5,493,750.00. Following the completion of the sale, the chief executive officer now 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 through this hyperlink. Company insiders own 1.85% of the company's stock.

Institutional Investors Weigh In On Motorola Solutions

Several institutional investors and hedge funds have recently made changes to their positions in MSI. First Trust Advisors LP increased its position 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 acquiring an additional 297,740 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in Motorola Solutions in the 1st quarter worth approximately $30,275,000. Bridgewater Associates LP bought a new stake in Motorola Solutions in the 1st quarter worth approximately $23,632,000. Caisse DE Depot ET Placement DU Quebec grew its position in Motorola Solutions by 1,039.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 69,500 shares of the communications equipment provider's stock worth $16,833,000 after purchasing an additional 63,400 shares during the period. Finally, Eaton Vance Management grew its position in Motorola Solutions by 24.2% in the 1st quarter. Eaton Vance Management now owns 117,983 shares of the communications equipment provider's stock worth $28,576,000 after purchasing an additional 22,969 shares during the period. 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.