Motorola Solutions (MSI) Announces Quarterly Earnings Results

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Motorola Solutions (NYSE:MSI) issued its quarterly earnings data on Thursday. The communications equipment provider reported $2.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.22, Fidelity Earnings reports. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 79.55%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm posted $2.10 EPS. Motorola Solutions’s revenue for the quarter was up 15.2% on a year-over-year basis.

Shares of MSI stock traded up $16.75 during mid-day trading on Friday, hitting $135.37. The stock had a trading volume of 4,429,306 shares, compared to its average volume of 976,086. Motorola Solutions has a fifty-two week low of $96.94 and a fifty-two week high of $136.78. The stock has a market capitalization of $19.39 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.66 and a beta of 0.53.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Thursday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.52. Motorola Solutions’s dividend payout ratio (DPR) is 33.38%.

In other news, SVP Rajan Naik sold 14,606 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $127.00, for a total value of $1,854,962.00. Following the completion of the sale, the senior vice president now owns 10,544 shares in the company, valued at approximately $1,339,088. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Motorola Solutions by 0.5% in the 4th quarter. BlackRock Inc. now owns 18,635,987 shares of the communications equipment provider’s stock worth $2,143,884,000 after acquiring an additional 95,399 shares during the period. Vanguard Group Inc. lifted its stake in shares of Motorola Solutions by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 17,158,918 shares of the communications equipment provider’s stock worth $2,233,062,000 after acquiring an additional 280,698 shares during the period. Vanguard Group Inc lifted its stake in shares of Motorola Solutions by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 17,158,918 shares of the communications equipment provider’s stock worth $2,233,062,000 after acquiring an additional 280,698 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Motorola Solutions by 10,544.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,378,307 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 4,337,175 shares during the period. Finally, Parnassus Investments CA lifted its stake in shares of Motorola Solutions by 1.1% in the 4th quarter. Parnassus Investments CA now owns 4,265,162 shares of the communications equipment provider’s stock worth $490,664,000 after acquiring an additional 44,686 shares during the period. Institutional investors own 85.90% of the company’s stock.

Several research analysts have issued reports on the stock. ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday. Credit Suisse Group reissued a “buy” rating and set a $134.00 price objective on shares of Motorola Solutions in a research report on Wednesday, January 16th. Citigroup lowered their price objective on shares of Motorola Solutions from $146.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Wednesday, November 14th. Finally, Raymond James set a $136.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $128.81.

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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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Earnings History for Motorola Solutions (NYSE:MSI)

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