Motorola Solutions, Inc. (NYSE:MSI) – Investment analysts at Gabelli upped their FY2018 earnings per share (EPS) estimates for shares of Motorola Solutions in a report issued on Monday. Gabelli analyst H. Susanto now expects that the communications equipment provider will post earnings of $5.13 per share for the year, up from their prior estimate of $5.02. Gabelli currently has a “Buy” rating on the stock.
MSI has been the subject of a number of other reports. BMO Capital Markets lifted their price objective on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. BidaskClub raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “sell” rating in a report on Tuesday, August 1st. Cowen and Company dropped their price objective on shares of Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a report on Friday, May 5th. Finally, Credit Suisse Group lifted their price objective on shares of Motorola Solutions from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and a consensus price target of $94.33.
Motorola Solutions (MSI) traded down 1.64% during midday trading on Thursday, reaching $87.06. The company’s stock had a trading volume of 305,541 shares. The stock has a 50-day moving average price of $88.90 and a 200 day moving average price of $84.54. Motorola Solutions has a 12 month low of $71.24 and a 12 month high of $93.75. The company has a market cap of $14.16 billion, a PE ratio of 22.96 and a beta of 0.32.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Tuesday, June 13th. Motorola Solutions’s payout ratio is presently 49.60%.
In related news, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction on 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 transaction, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the company. Iat Reinsurance Co. LTD. acquired a new position in shares of Motorola Solutions during the first quarter worth approximately $123,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Motorola Solutions during the first quarter worth approximately $135,000. Exane Derivatives boosted its position in shares of Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 1,001 shares during the last quarter. Smithfield Trust Co. boosted its position in shares of Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock worth $173,000 after buying an additional 53 shares during the last quarter. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Motorola Solutions by 30.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,130 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 502 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.
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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