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.

TRADEMARK VIOLATION WARNING: “Motorola Solutions, Inc. (MSI) Expected to Announce Quarterly Sales of $1.58 Billion” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/08/29/motorola-solutions-inc-msi-expected-to-announce-quarterly-sales-of-1-58-billion.html.

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.

Get a free copy of the Zacks research report on Motorola Solutions (MSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Motorola Solutions (NYSE:MSI)

Receive News & Stock Ratings for Motorola Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc. and related stocks with our FREE daily email newsletter.