Wall Street brokerages expect that Motorola Solutions Inc (NYSE:MSI) will announce $1.37 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Motorola Solutions’ earnings. The lowest EPS estimate is $1.34 and the highest is $1.38. Motorola Solutions posted earnings per share of $1.12 during the same quarter last year, which suggests a positive year-over-year growth rate of 22.3%. The firm is expected to issue its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that Motorola Solutions will report full year earnings of $6.80 per share for the current financial year, with EPS estimates ranging from $6.75 to $6.87. For the next financial year, analysts forecast that the firm will post earnings of $7.40 per share, with EPS estimates ranging from $7.20 to $7.53. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Motorola Solutions.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, May 3rd. The communications equipment provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.22. Motorola Solutions had a negative net margin of 1.75% and a negative return on equity of 73.43%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.37 billion.
MSI has been the topic of a number of recent analyst reports. Deutsche Bank lifted their price objective on shares of Motorola Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Jefferies Financial Group restated a “buy” rating on shares of Motorola Solutions in a research note on Thursday, March 1st. Citigroup lifted their price objective on shares of Motorola Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 9th. Finally, BTIG Research initiated coverage on shares of Motorola Solutions in a research note on Friday, March 16th. They set a “buy” rating and a $137.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Motorola Solutions presently has an average rating of “Buy” and a consensus price target of $119.25.
Institutional investors have recently modified their holdings of the business. Massey Quick Simon & CO. LLC raised its position in Motorola Solutions by 78.9% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,700 shares of the communications equipment provider’s stock worth $179,000 after acquiring an additional 750 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in Motorola Solutions in the first quarter worth about $201,000. Greenwich Wealth Management LLC bought a new stake in Motorola Solutions in the first quarter worth about $210,000. Tower Research Capital LLC TRC bought a new stake in Motorola Solutions in the fourth quarter worth about $188,000. Finally, Cetera Advisors LLC bought a new stake in Motorola Solutions in the first quarter worth about $220,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.
Shares of Motorola Solutions traded up $1.70, reaching $117.11, during midday trading on Friday, according to MarketBeat.com. 976,640 shares of the company traded hands, compared to its average volume of 1,232,845. Motorola Solutions has a 52 week low of $82.86 and a 52 week high of $118.37. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of -3.45. The stock has a market cap of $18.72 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.20 and a beta of 0.33.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 15th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, June 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.
About Motorola Solutions
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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