Motorola Solutions (NYSE:MSI) Releases Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Motorola Solutions (NYSE:MSI – Get Free Report) issued its quarterly earnings data on Wednesday. The communications equipment provider reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.42 by $0.27, FiscalAI reports. Motorola Solutions had a return on equity of 98.22% and a net margin of 17.44%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.25 billion.

Motorola Solutions Stock Performance

Motorola Solutions stock traded up $4.29 during midday trading on Wednesday, reaching $495.29. 1,729,450 shares of the company’s stock were exchanged, compared to its average volume of 1,051,582. The stock’s 50-day simple moving average is $466.62 and its 200 day simple moving average is $440.18. The firm has a market cap of $81.96 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 2.91 and a beta of 0.86. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10. Motorola Solutions has a 52 week low of $359.36 and a 52 week high of $499.00.

Motorola Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 16th were paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, September 16th. Motorola Solutions’s dividend payout ratio (DPR) is 38.11%.

Motorola Solutions News Roundup

Here are the key news stories impacting Motorola Solutions this week:

Insider Activity at Motorola Solutions

In related news, CEO Gregory Brown sold 14,220 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the transaction, the chief executive officer directly owned 66,648 shares of the company’s stock, valued at approximately $32,338,942.56. The trade was a 17.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kathryn A. Moore sold 1,004 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $476.96, for a total value of $478,867.84. Following the transaction, the senior vice president directly owned 1,282 shares in the company, valued at $611,462.72. The trade was a 43.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MSI has been the topic of a number of research analyst reports. Zacks Research lowered shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Weiss Ratings raised shares of Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Northcoast Research upped their target price on shares of Motorola Solutions from $510.00 to $525.00 in a research note on Thursday, August 27th. Evercore increased their price objective on Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. Finally, UBS Group boosted their price objective on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $530.10.

Get Our Latest Research Report on MSI

Motorola Solutions Company Profile

(Get Free Report)

Motorola Solutions, Inc provides mission-critical communications, public safety, and enterprise security technologies. The company develops products and services that help governments, law enforcement agencies, emergency responders, commercial organizations, and other institutions coordinate operations, protect people, and manage critical events.

Its portfolio includes two-way radios and broadband communication systems, command center software, computer-aided dispatch and records management solutions, video security and analytics, access control, and cybersecurity services.

See Also

Earnings History for Motorola Solutions (NYSE:MSI)

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