Zacks: Brokerages Anticipate Motorola Solutions Inc (MSI) Will Post Quarterly Sales of $1.86 Billion

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Analysts forecast that Motorola Solutions Inc (NYSE:MSI) will report sales of $1.86 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Motorola Solutions’ earnings. The highest sales estimate is $1.88 billion and the lowest is $1.86 billion. Motorola Solutions reported sales of $1.65 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.7%. The business is scheduled to report its next earnings report on Thursday, November 1st.

On average, analysts expect that Motorola Solutions will report full-year sales of $7.30 billion for the current year, with estimates ranging from $7.29 billion to $7.32 billion. For the next financial year, analysts anticipate that the firm will report sales of $7.74 billion, with estimates ranging from $7.62 billion to $7.85 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Motorola Solutions.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.09. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Motorola Solutions had a negative return on equity of 70.84% and a negative net margin of 0.97%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share.

Several brokerages recently weighed in on MSI. Jefferies Financial Group upped their price target on Motorola Solutions from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Citigroup upped their price target on Motorola Solutions from $130.00 to $146.00 and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Credit Suisse Group set a $129.00 price target on Motorola Solutions and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Finally, Cowen raised Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 price target on the stock in a research note on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued 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 a consensus price target of $131.85.

MSI stock traded up $2.30 during midday trading on Friday, hitting $120.24. The stock had a trading volume of 845,937 shares, compared to its average volume of 1,123,114. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.06 and a beta of 0.41. Motorola Solutions has a 52-week low of $88.06 and a 52-week high of $131.48. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of -3.55.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 14th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is 40.00%.

In other Motorola Solutions news, Chairman Gregory Q. Brown sold 204,953 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $126.47, for a total value of $25,920,405.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John P. Molloy sold 152,871 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $125.92, for a total value of $19,249,516.32. Following the completion of the sale, the executive vice president now directly owns 23,127 shares in the company, valued at $2,912,151.84. The disclosure for this sale can be found here. Insiders sold 649,479 shares of company stock worth $82,082,428 over the last three months. Corporate insiders own 2.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its holdings in Motorola Solutions by 43.1% in the third quarter. Bank of Montreal Can now owns 267,076 shares of the communications equipment provider’s stock worth $34,757,000 after acquiring an additional 80,446 shares in the last quarter. Montecito Bank & Trust lifted its holdings in shares of Motorola Solutions by 100.6% during the third quarter. Montecito Bank & Trust now owns 4,192 shares of the communications equipment provider’s stock valued at $546,000 after purchasing an additional 2,102 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Motorola Solutions by 1.6% during the third quarter. DNB Asset Management AS now owns 77,629 shares of the communications equipment provider’s stock valued at $10,103,000 after purchasing an additional 1,248 shares in the last quarter. Manning & Napier Group LLC lifted its holdings in shares of Motorola Solutions by 9.7% during the third quarter. Manning & Napier Group LLC now owns 44,215 shares of the communications equipment provider’s stock valued at $5,753,000 after purchasing an additional 3,904 shares in the last quarter. Finally, E&G Advisors LP lifted its holdings in shares of Motorola Solutions by 15.6% during the third quarter. E&G Advisors LP now owns 3,700 shares of the communications equipment provider’s stock valued at $482,000 after purchasing an additional 500 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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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