Favorable News Coverage Somewhat Unlikely to Impact Motorola Solutions (NYSE:MSI) Share Price
Press coverage about Motorola Solutions (NYSE:MSI) has been trending positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Motorola Solutions earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 45.3097923224362 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Norges Bank Buys A Little More Motorola Solutions, Inc. (MSI) Stock In The Last Quarter (highlightpress.com)
- Metro Vancouver Transit Police Expands Use of SceneDoc’s Mobile Platform (feeds.benzinga.com)
- Motorola Solutions, Inc. (NYSE:MSI) EVP Bruce W. Brda Sells 25,299 Shares (americanbankingnews.com)
- Motorola Solutions, Inc. (NYSE:MSI) Rating Reiterated by Jefferies Group LLC (americanbankingnews.com)
- Cowen and Company Reiterates “Market Perform” Rating for Motorola Solutions, Inc. (MSI) (americanbankingnews.com)
Shares of Motorola Solutions (MSI) traded down 1.106% during mid-day trading on Thursday, reaching $87.531. 71,999 shares of the company’s stock were exchanged. Motorola Solutions has a one year low of $71.24 and a one year high of $93.75. The company has a 50 day moving average price of $88.90 and a 200-day moving average price of $84.55. The stock has a market cap of $14.24 billion, a PE ratio of 23.083 and a beta of 0.32.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts predict that Motorola Solutions will post $5.28 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Tuesday, June 13th. Motorola Solutions’s payout ratio is 49.60%.
MSI has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of 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. Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Tuesday, May 30th. Citigroup Inc. reiterated a “buy” rating and set a $102.00 price target (up from $93.00) on shares of Motorola Solutions in a report on Friday, May 5th. BMO Capital Markets boosted their price objective on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Cowen and Company reduced their price objective on shares of Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $94.33.
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In other news, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the sale, the executive vice president now owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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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