Motorola Solutions, Inc. (MSI) Expected to Announce Quarterly Sales of $1.58 Billion
Wall Street brokerages expect Motorola Solutions, Inc. (NYSE:MSI) to report $1.58 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Motorola Solutions’ earnings. The lowest sales estimate is $1.57 billion and the highest is $1.59 billion. Motorola Solutions reported sales of $1.53 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The business is expected to announce its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Motorola Solutions will report full year sales of $1.58 billion for the current fiscal year, with estimates ranging from $6.15 billion to $6.27 billion. For the next fiscal year, analysts forecast that the business will report sales of $6.39 billion per share, with estimates ranging from $6.28 billion to $6.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Motorola Solutions.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. Motorola Solutions’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS.
Several equities research analysts have recently issued reports on the stock. UBS AG upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating in a research report on Monday, May 22nd. Cowen and Company reissued a “market perform” rating and issued a $83.00 target price (up from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $105.00 target price (up from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 target price for the company in a report on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $94.33.
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In other Motorola Solutions news, EVP Bruce W. Brda sold 25,299 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the transaction, the executive vice president now directly owns 23,829 shares in the company, valued at $2,123,402.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eduardo F. Conrado sold 6,998 shares of the business’s 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 transaction, the executive vice president now owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Korea Investment CORP increased its position in shares of Motorola Solutions by 313.8% in the first quarter. Korea Investment CORP now owns 122,376 shares of the communications equipment provider’s stock worth $10,551,000 after buying an additional 92,799 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Motorola Solutions by 668.2% in the first quarter. Acadian Asset Management LLC now owns 124,793 shares of the communications equipment provider’s stock worth $10,759,000 after buying an additional 108,549 shares in the last quarter. First Foundation Advisors increased its position in shares of Motorola Solutions by 56.2% in the first quarter. First Foundation Advisors now owns 14,192 shares of the communications equipment provider’s stock worth $1,224,000 after buying an additional 5,107 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Motorola Solutions by 51.5% in the first quarter. Renaissance Technologies LLC now owns 1,797,415 shares of the communications equipment provider’s stock worth $154,973,000 after buying an additional 610,650 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of Motorola Solutions during the first quarter worth approximately $9,289,000. Institutional investors and hedge funds own 87.68% of the company’s stock.
Shares of Motorola Solutions (NYSE MSI) opened at 87.30 on Tuesday. Motorola Solutions has a one year low of $71.24 and a one year high of $93.75. The company has a market capitalization of $14.20 billion, a PE ratio of 23.02 and a beta of 0.32. The stock has a 50 day moving average of $88.86 and a 200-day moving average of $84.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be issued a $0.47 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.88 annualized dividend and a dividend yield of 2.15%. Motorola Solutions’s payout ratio is currently 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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