Brokerages Anticipate Motorola Solutions, Inc. (MSI) to Post $1.41 EPS
Wall Street brokerages expect Motorola Solutions, Inc. (NYSE:MSI) to post earnings of $1.41 per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Motorola Solutions’ earnings, with the lowest EPS estimate coming in at $1.37 and the highest estimate coming in at $1.44. Motorola Solutions posted earnings per share of $1.37 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The company is expected to announce its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Motorola Solutions will report full year earnings of $5.27 per share for the current fiscal year, with EPS estimates ranging from $5.23 to $5.35. For the next financial year, analysts expect that the business will post earnings of $5.60 per share, with EPS estimates ranging from $5.25 to $5.85. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Motorola Solutions.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Motorola Solutions’s revenue for the quarter was up 4.7% compared to the same quarter last year.
A number of analysts recently issued reports on the company. Cowen and Company reiterated a “market perform” rating and set a $83.00 price objective (up from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 target price for the company in a research note on Tuesday, August 8th. Deutsche Bank AG raised their target price on Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 target price (up previously from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Finally, Credit Suisse Group set a $95.00 target price on Motorola Solutions and gave the company a “buy” rating in a report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Motorola Solutions presently has an average rating of “Buy” and a consensus target price of $94.08.
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In other Motorola Solutions news, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the sale, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Cleararc Capital Inc. raised its holdings in shares of Motorola Solutions by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 4,046 shares of the communications equipment provider’s stock valued at $349,000 after buying an additional 22 shares in the last quarter. Gyroscope Capital Management Group LLC lifted its position in Motorola Solutions by 1.0% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,347 shares of the communications equipment provider’s stock worth $290,000 after buying an additional 32 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Motorola Solutions by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 10,408 shares of the communications equipment provider’s stock worth $903,000 after buying an additional 34 shares in the last quarter. Signaturefd LLC boosted its stake in Motorola Solutions by 1.3% in the first quarter. Signaturefd LLC now owns 3,317 shares of the communications equipment provider’s stock worth $286,000 after buying an additional 42 shares in the last quarter. Finally, Pitcairn Co. boosted its stake in Motorola Solutions by 0.5% in the second quarter. Pitcairn Co. now owns 8,990 shares of the communications equipment provider’s stock worth $779,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 87.68% of the company’s stock.
Shares of Motorola Solutions (NYSE MSI) traded down 0.542% during midday trading on Tuesday, reaching $85.375. 218,675 shares of the company’s stock were exchanged. Motorola Solutions has a 12 month low of $71.24 and a 12 month high of $93.75. The firm has a 50 day moving average price of $86.18 and a 200 day moving average price of $86.04. The company has a market cap of $13.89 billion, a P/E ratio of 22.515 and a beta of 0.31.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, September 14th. Motorola Solutions’s dividend payout ratio (DPR) is 49.60%.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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