Motorola Solutions, Inc. (MSI) Releases Q4 Earnings Guidance
Motorola Solutions, Inc. (NYSE:MSI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.00-2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.06. The company issued revenue guidance of approx $1.94 billion, compared to the consensus revenue estimate of $1.90 billion.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $1.03 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.52 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a yield of 2.30%. Motorola Solutions’s dividend payout ratio (DPR) is presently 49.60%.
A number of equities research analysts have commented on MSI shares. Zacks Investment Research upgraded shares of Motorola Solutions from a hold rating to a buy rating and set a $102.00 target price on the stock in a research note on Thursday, July 27th. Credit Suisse Group set a $95.00 target price on shares of Motorola Solutions and gave the stock a buy rating in a research note on Thursday, July 27th. BMO Capital Markets raised their target price on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an outperform rating in a research note on Friday, August 4th. Deutsche Bank AG raised their target price on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a hold rating in a research note on Monday, August 7th. Finally, Cowen and Company reiterated a market perform rating and set a $83.00 price objective (up previously from $75.00) on shares of Motorola Solutions in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $94.42.
In related news, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the transaction, the executive vice president now directly owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the completion of the transaction, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
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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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