Equities analysts forecast that Motorola Solutions Inc (NYSE:MSI) will announce $2.48 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Motorola Solutions’ earnings. The lowest EPS estimate is $2.26 and the highest is $2.62. Motorola Solutions posted earnings per share of $2.10 in the same quarter last year, which indicates a positive year-over-year growth rate of 18.1%. The company is expected to announce its next earnings report on Thursday, February 7th.
On average, analysts expect that Motorola Solutions will report full year earnings of $7.00 per share for the current year, with EPS estimates ranging from $6.84 to $7.14. For the next fiscal year, analysts expect that the firm will report earnings of $7.53 per share, with EPS estimates ranging from $7.30 to $7.81. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Motorola Solutions.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.22. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 68.88%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 EPS.
Several equities research analysts have recently commented on MSI shares. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Citigroup raised their target price on shares of Motorola Solutions from $130.00 to $146.00 and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Credit Suisse Group set a $137.00 target price on shares of Motorola Solutions and gave the stock a “hold” rating in a research report on Friday, September 21st. Jefferies Financial Group raised their target price on shares of Motorola Solutions from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Finally, Gabelli cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Motorola Solutions currently has an average rating of “Buy” and an average price target of $128.68.
MSI traded down $2.23 during trading on Friday, hitting $127.53. 1,279,792 shares of the stock traded hands, compared to its average volume of 860,869. Motorola Solutions has a 12-month low of $89.18 and a 12-month high of $133.97. The stock has a market capitalization of $21.22 billion, a P/E ratio of 24.53, a PEG ratio of 1.98 and a beta of 0.46.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be given a dividend of $0.57 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is 40.00%.
In related news, SVP Rajan Naik sold 14,606 shares of Motorola Solutions stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $127.00, for a total transaction of $1,854,962.00. Following the completion of the transaction, the senior vice president now directly owns 10,544 shares of the company’s stock, valued at approximately $1,339,088. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gino A. Bonanotte sold 23,201 shares of Motorola Solutions stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $125.97, for a total transaction of $2,922,629.97. Following the transaction, the chief financial officer now directly owns 41,019 shares of the company’s stock, valued at $5,167,163.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 849,902 shares of company stock valued at $107,111,734. 2.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MSI. Mainstay Capital Management LLC ADV lifted its position in Motorola Solutions by 11,537.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 11,637 shares of the communications equipment provider’s stock valued at $100,000 after acquiring an additional 11,537 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in Motorola Solutions by 17,920.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 901 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 896 shares in the last quarter. CWM LLC increased its stake in Motorola Solutions by 446.7% during the 3rd quarter. CWM LLC now owns 831 shares of the communications equipment provider’s stock valued at $108,000 after purchasing an additional 679 shares in the last quarter. Fort L.P. bought a new stake in Motorola Solutions during the 2nd quarter valued at about $123,000. Finally, NuWave Investment Management LLC increased its stake in Motorola Solutions by 1,537.3% during the 3rd quarter. NuWave Investment Management LLC now owns 966 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 907 shares in the last quarter. 85.77% of the stock is owned by institutional investors.
Motorola Solutions Company Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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