Motorola Solutions (NYSE:MSI – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 13.630-13.680 for the period, compared to the consensus earnings per share estimate of 13.340. The company issued revenue guidance of $10.8 billion-$10.8 billion, compared to the consensus revenue estimate of $10.8 billion. Motorola Solutions also updated its FY24 guidance to $13.63-$13.68 EPS.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Barclays lifted their target price on Motorola Solutions from $372.00 to $467.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group lifted their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $479.50.
Motorola Solutions Stock Performance
Motorola Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 45.90%.
About Motorola Solutions
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.
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