Motorola Solutions, Inc. (MSI) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS
Motorola Solutions, Inc. (NYSE:MSI) posted its earnings results on Thursday. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.13, Bloomberg Earnings reports. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.58 billion. Motorola Solutions had a negative return on equity of 88.13% and a net margin of 10.51%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 EPS. Motorola Solutions updated its Q4 guidance to $2.00-2.05 EPS.
Motorola Solutions (MSI) traded up $3.69 on Friday, reaching $94.25. The company had a trading volume of 1,576,908 shares, compared to its average volume of 769,310. The company has a current ratio of 1.33, a quick ratio of 1.17 and a debt-to-equity ratio of -4.53. The company has a market cap of $15.27 billion, a PE ratio of 17.51, a PEG ratio of 3.45 and a beta of 0.33. Motorola Solutions has a twelve month low of $72.54 and a twelve month high of $94.94.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. Motorola Solutions’s dividend payout ratio is currently 48.08%.
Several brokerages recently issued reports on MSI. Credit Suisse Group set a $95.00 price objective on Motorola Solutions and gave the company a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC boosted their price objective on Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Thursday, July 27th. BMO Capital Markets boosted their price objective on Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Deutsche Bank AG boosted their price objective on Motorola Solutions from $73.00 to $78.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $94.83.
In related news, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the transaction, the executive vice president now owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the transaction, 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. Company insiders own 2.50% of the company’s stock.
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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