Motorola Solutions Inc (NYSE:MSI) Expected to Post Earnings of $1.60 Per Share

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Brokerages expect Motorola Solutions Inc (NYSE:MSI) to post earnings of $1.60 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Motorola Solutions’ earnings. The highest EPS estimate is $1.63 and the lowest is $1.57. Motorola Solutions reported earnings per share of $1.46 in the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Motorola Solutions will report full year earnings of $7.72 per share for the current financial year, with EPS estimates ranging from $7.65 to $7.80. For the next fiscal year, analysts forecast that the business will post earnings of $8.48 per share, with EPS estimates ranging from $8.02 to $8.75. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Motorola Solutions.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.20. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis.

Several research firms recently commented on MSI. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 target price for the company. in a research note on Wednesday, July 3rd. Raymond James set a $160.00 target price on Motorola Solutions and gave the stock a “buy” rating in a research note on Friday, May 3rd. MKM Partners boosted their target price on Motorola Solutions to $143.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. BTIG Research boosted their target price on Motorola Solutions from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank boosted their target price on Motorola Solutions from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $140.61.

Shares of NYSE MSI opened at $168.97 on Wednesday. Motorola Solutions has a twelve month low of $108.25 and a twelve month high of $170.68. The company has a fifty day moving average price of $158.93. The firm has a market capitalization of $28.12 billion, a PE ratio of 24.74, a PEG ratio of 3.01 and a beta of 0.58.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is 33.38%.

In other news, EVP John P. Molloy sold 165,852 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $162.06, for a total value of $26,877,975.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel G. Pekofske sold 4,785 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $143.03, for a total value of $684,398.55. The disclosure for this sale can be found here. Insiders have sold a total of 298,211 shares of company stock valued at $46,467,434 over the last ninety days. 2.99% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of MSI. Truvestments Capital LLC acquired a new position in Motorola Solutions during the 1st quarter worth approximately $28,000. Reilly Financial Advisors LLC grew its holdings in shares of Motorola Solutions by 386.0% in the 1st quarter. Reilly Financial Advisors LLC now owns 418 shares of the communications equipment provider’s stock worth $28,000 after acquiring an additional 332 shares during the period. Institutional & Family Asset Management LLC grew its holdings in shares of Motorola Solutions by 100.0% in the 1st quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock worth $28,000 after acquiring an additional 100 shares during the period. Liberty Wealth Management LLC acquired a new stake in shares of Motorola Solutions in the 4th quarter worth approximately $32,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Motorola Solutions in the 1st quarter worth approximately $36,000. 85.83% of the stock is owned by institutional investors and hedge funds.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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