Brokerages Expect Motorola Solutions Inc (MSI) Will Post Quarterly Sales of $1.94 Billion
Brokerages expect that Motorola Solutions Inc (NYSE:MSI) will post $1.94 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Motorola Solutions’ earnings. The highest sales estimate is $1.96 billion and the lowest is $1.94 billion. Motorola Solutions posted sales of $1.88 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The company is expected to issue its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Motorola Solutions will report full-year sales of $1.94 billion for the current fiscal year, with estimates ranging from $6.34 billion to $6.38 billion. For the next year, analysts anticipate that the firm will report sales of $6.51 billion per share, with estimates ranging from $6.41 billion to $6.58 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Motorola Solutions.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 92.09%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $1.37 earnings per share.
Several brokerages have recently commented on MSI. Jefferies Group increased their price target on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Finally, Cleveland Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $95.08.
Shares of Motorola Solutions (NYSE:MSI) opened at $94.49 on Tuesday. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16. The company has a market cap of $15,300.00, a P/E ratio of 18.12, a P/E/G ratio of 4.16 and a beta of 0.35. Motorola Solutions has a 12-month low of $76.92 and a 12-month high of $94.96.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.52 dividend. The ex-dividend date is Thursday, December 14th. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.20%. Motorola Solutions’s payout ratio is currently 53.20%.
In other news, CEO Gregory Q. Brown sold 75,019 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the completion of the sale, the chief executive officer now owns 183,312 shares in the company, valued at approximately $16,664,893.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 100,000 shares of Motorola Solutions stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $92.57, for a total transaction of $9,257,000.00. Following the sale, the chief executive officer now owns 99,015 shares of the company’s stock, valued at approximately $9,165,818.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 359,286 shares of company stock valued at $33,178,275. Insiders own 2.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of MSI. Voya Investment Management LLC lifted its stake in Motorola Solutions by 249.4% in the second quarter. Voya Investment Management LLC now owns 1,338,597 shares of the communications equipment provider’s stock valued at $116,110,000 after buying an additional 955,463 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Motorola Solutions in the second quarter valued at approximately $70,570,000. APG Asset Management N.V. lifted its stake in Motorola Solutions by 75.1% in the third quarter. APG Asset Management N.V. now owns 1,641,459 shares of the communications equipment provider’s stock valued at $139,311,000 after buying an additional 704,000 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Motorola Solutions by 6.7% in the second quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock valued at $831,768,000 after buying an additional 600,229 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Motorola Solutions in the second quarter worth $584,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.
Motorola Solutions Company Profile
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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