Zacks: Analysts Expect Motorola Solutions, Inc. (NYSE:MSI) Will Announce Earnings of $1.34 Per Share
Wall Street brokerages expect that Motorola Solutions, Inc. (NYSE:MSI) will announce earnings of $1.34 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Motorola Solutions’ earnings. The highest EPS estimate is $1.36 and the lowest is $1.29. Motorola Solutions posted earnings of $1.30 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The business is expected to announce its next earnings report on Thursday, November 2nd.
On average, analysts expect that Motorola Solutions will report full year earnings of $4.96 per share for the current financial year, with EPS estimates ranging from $4.82 to $5.06. For the next year, analysts forecast that the business will report earnings of $5.20 per share, with EPS estimates ranging from $4.98 to $5.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Motorola Solutions.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year.
Several brokerages have commented on MSI. Citigroup Inc. restated a “buy” rating and issued a $102.00 price objective (up from $93.00) on shares of Motorola Solutions in a report on Friday, May 5th. Cowen and Company decreased 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. Credit Suisse Group upped 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 Friday, May 5th. Deutsche Bank AG upped their price objective on shares of Motorola Solutions from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, MKM Partners restated a “neutral” rating and issued a $83.00 price objective (up from $76.00) on shares of Motorola Solutions in a report on Monday, May 8th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Motorola Solutions has an average rating of “Buy” and an average target price of $93.50.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Korea Investment CORP raised its position in shares of Motorola Solutions by 313.8% in the first quarter. Korea Investment CORP now owns 122,376 shares of the communications equipment provider’s stock valued at $10,551,000 after buying an additional 92,799 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Motorola Solutions by 668.2% in the first quarter. Acadian Asset Management LLC now owns 124,793 shares of the communications equipment provider’s stock valued at $10,759,000 after buying an additional 108,549 shares during the last quarter. First Foundation Advisors raised its position in shares of Motorola Solutions by 56.2% in the first quarter. First Foundation Advisors now owns 14,192 shares of the communications equipment provider’s stock valued at $1,224,000 after buying an additional 5,107 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Motorola Solutions by 124.8% in the first quarter. State of Alaska Department of Revenue now owns 16,775 shares of the communications equipment provider’s stock valued at $1,445,000 after buying an additional 9,312 shares during the last quarter. Finally, Americafirst Capital Management LLC acquired a new position in shares of Motorola Solutions during the first quarter valued at about $859,000. Institutional investors own 87.27% of the company’s stock.
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Motorola Solutions (MSI) traded down 0.70% during midday trading on Tuesday, reaching $88.58. 989,001 shares of the company’s stock traded hands. The stock has a market cap of $14.48 billion, a P/E ratio of 24.49 and a beta of 0.32. Motorola Solutions has a 52-week low of $71.24 and a 52-week high of $93.75. The company’s 50-day moving average price is $88.63 and its 200-day moving average price is $84.37.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 15th were paid a $0.47 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.12%. Motorola Solutions’s payout ratio is 49.60%.
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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