Motorola Solutions (NYSE:MSI) Releases Earnings Results, Beats Expectations By $0.23 EPS

Motorola Solutions (NYSE:MSI) posted its quarterly earnings data on Wednesday. The communications equipment provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.36 by $0.23, FiscalAI reports. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion.

Motorola Solutions Stock Up 0.4%

Motorola Solutions stock traded up $1.81 during mid-day trading on Wednesday, reaching $421.50. 1,123,658 shares of the company were exchanged, compared to its average volume of 1,162,754. The company has a debt-to-equity ratio of 3.59, a quick ratio of 0.86 and a current ratio of 1.03. The firm has a market cap of $70.20 billion, a P/E ratio of 33.83, a PEG ratio of 3.16 and a beta of 1.00. The business has a fifty day moving average of $387.70 and a 200 day moving average of $420.87. Motorola Solutions has a 12-month low of $359.36 and a 12-month high of $492.22.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, December 15th. Motorola Solutions’s payout ratio is presently 38.84%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MSI. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Monday, December 1st. Barclays decreased their price objective on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Weiss Ratings upgraded shares of Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Finally, Piper Sandler raised shares of Motorola Solutions from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $465.00 to $443.00 in a research note on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $491.86.

Institutional Investors Weigh In On Motorola Solutions

A number of hedge funds have recently made changes to their positions in MSI. JPL Wealth Management LLC purchased a new position in Motorola Solutions in the third quarter valued at about $31,000. WFA of San Diego LLC bought a new stake in shares of Motorola Solutions in the 2nd quarter valued at about $59,000. Turning Point Benefit Group Inc. purchased a new position in shares of Motorola Solutions in the 3rd quarter worth approximately $73,000. Revolve Wealth Partners LLC bought a new position in shares of Motorola Solutions during the 4th quarter worth approximately $208,000. Finally, Sivia Capital Partners LLC purchased a new stake in Motorola Solutions during the second quarter valued at approximately $210,000. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

About Motorola Solutions

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.