Brokerages forecast that Motorola Solutions Inc (NYSE:MSI) will report $1.87 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Motorola Solutions’ earnings. The lowest sales estimate is $1.86 billion and the highest is $1.88 billion. Motorola Solutions posted sales of $1.65 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The business is expected to issue its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Motorola Solutions will report full year sales of $7.30 billion for the current fiscal year, with estimates ranging from $7.29 billion to $7.32 billion. For the next financial year, analysts anticipate that the company will report sales of $7.73 billion per share, with estimates ranging from $7.58 billion to $7.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Motorola Solutions.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.09. Motorola Solutions had a negative return on equity of 70.84% and a negative net margin of 0.97%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the company earned $1.12 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year.
Several equities research analysts recently commented on the company. Jefferies Financial Group raised their target price on Motorola Solutions from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Credit Suisse Group set a $137.00 target price on Motorola Solutions and gave the stock a “buy” rating in a research note on Monday, August 20th. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Argus raised their target price on Motorola Solutions to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Finally, Northcoast Research set a $128.00 target price on Motorola Solutions and gave the stock a “buy” rating in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. Motorola Solutions presently has an average rating of “Buy” and an average target price of $130.23.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSI. BlackRock Inc. grew its stake in Motorola Solutions by 13.1% during the second quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock worth $2,066,771,000 after purchasing an additional 2,060,565 shares during the period. Voya Investment Management LLC grew its stake in Motorola Solutions by 171.3% in the second quarter. Voya Investment Management LLC now owns 2,509,657 shares of the communications equipment provider’s stock valued at $292,049,000 after acquiring an additional 1,584,672 shares during the period. OppenheimerFunds Inc. grew its stake in Motorola Solutions by 33.2% in the first quarter. OppenheimerFunds Inc. now owns 3,635,014 shares of the communications equipment provider’s stock valued at $382,767,000 after acquiring an additional 906,012 shares during the period. Unigestion Holding SA acquired a new stake in Motorola Solutions in the second quarter valued at approximately $81,578,000. Finally, Millennium Management LLC grew its stake in Motorola Solutions by 118.3% in the first quarter. Millennium Management LLC now owns 1,114,856 shares of the communications equipment provider’s stock valued at $117,394,000 after acquiring an additional 604,248 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.
Shares of MSI traded down $0.82 during mid-day trading on Friday, reaching $126.79. 863,700 shares of the company were exchanged, compared to its average volume of 1,151,988. Motorola Solutions has a 52 week low of $82.86 and a 52 week high of $129.20. The company has a debt-to-equity ratio of -3.55, a current ratio of 1.23 and a quick ratio of 1.09. The company has a market capitalization of $20.68 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 2.02 and a beta of 0.43.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 14th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.08 annualized dividend and a yield of 1.64%. Motorola Solutions’s dividend payout ratio is currently 40.00%.
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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