Equities analysts expect that Motorola Solutions Inc (NYSE:MSI) will report $1.99 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Motorola Solutions’ earnings, with the lowest sales estimate coming in at $1.98 billion and the highest estimate coming in at $2.00 billion. Motorola Solutions posted sales of $1.86 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is expected to announce its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Motorola Solutions will report full year sales of $7.90 billion for the current fiscal year, with estimates ranging from $7.88 billion to $7.95 billion. For the next financial year, analysts expect that the company will report sales of $8.31 billion, with estimates ranging from $8.23 billion to $8.44 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Motorola Solutions.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.17. Motorola Solutions had a negative return on equity of 105.22% and a net margin of 13.47%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $1.46 EPS. The business’s revenue was up 5.7% compared to the same quarter last year.
MSI has been the topic of a number of recent research reports. MKM Partners increased their price target on Motorola Solutions to $170.00 in a research report on Friday, August 2nd. Barclays initiated coverage on Motorola Solutions in a report on Wednesday, August 7th. They set an “overweight” rating and a $195.00 target price on the stock. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price objective on the stock. in a report on Wednesday, July 3rd. Northcoast Research lowered Motorola Solutions from a “buy” rating to a “neutral” rating and set a $171.53 price objective on the stock. in a report on Wednesday, July 17th. Finally, Credit Suisse Group restated a “buy” rating and issued a $189.00 target price on shares of Motorola Solutions in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Motorola Solutions has a consensus rating of “Buy” and an average target price of $164.93.
In related news, CEO Gregory Q. Brown sold 85,471 shares of Motorola Solutions stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $177.99, for a total transaction of $15,212,983.29. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Rajan Naik sold 9,408 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $171.55, for a total value of $1,613,942.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,958,449 shares of company stock worth $1,047,392,724. Company insiders own 2.99% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Motorola Solutions by 12.3% in the fourth quarter. Geode Capital Management LLC now owns 2,456,130 shares of the communications equipment provider’s stock valued at $282,258,000 after buying an additional 269,031 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in Motorola Solutions by 5.9% during the 1st quarter. First Republic Investment Management Inc. now owns 6,639 shares of the communications equipment provider’s stock worth $932,000 after buying an additional 372 shares during the last quarter. South Dakota Investment Council purchased a new stake in Motorola Solutions during the 1st quarter worth about $702,000. Bbva Compass Bancshares Inc. lifted its holdings in shares of Motorola Solutions by 3.8% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 7,096 shares of the communications equipment provider’s stock valued at $996,000 after purchasing an additional 263 shares during the last quarter. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Motorola Solutions in the 1st quarter valued at about $215,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.
Shares of MSI traded down $1.01 during midday trading on Wednesday, reaching $166.03. 50,966 shares of the stock were exchanged, compared to its average volume of 1,108,196. Motorola Solutions has a 52 week low of $108.25 and a 52 week high of $182.28. The company’s 50 day moving average is $173.98 and its two-hundred day moving average is $157.07. The company has a market capitalization of $27.51 billion, a P/E ratio of 24.31, a PEG ratio of 2.95 and a beta of 0.58.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th will be given a $0.57 dividend. The ex-dividend date is Thursday, September 12th. This represents a $2.28 annualized dividend and a dividend yield of 1.37%. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.
About Motorola Solutions
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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