Motorola Solutions, Inc. (MSI) Announces Earnings Results, Beats Estimates By $0.13 EPS
Motorola Solutions, Inc. (NYSE:MSI) released its quarterly earnings results on Thursday. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.13, Bloomberg Earnings reports. Motorola Solutions had a net margin of 10.51% and a negative return on equity of 88.13%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. Motorola Solutions’s revenue was up 7.4% on a year-over-year basis. Motorola Solutions updated its Q4 guidance to $2.00-2.05 EPS.
Motorola Solutions (MSI) traded up $3.69 during trading hours on Friday, hitting $94.25. 1,576,908 shares of the stock were exchanged, compared to its average volume of 779,501. The company has a quick ratio of 1.17, a current ratio of 1.33 and a debt-to-equity ratio of -4.53. The stock has a market cap of $14.64 billion, a PE ratio of 17.51, a PEG ratio of 3.45 and a beta of 0.33.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.52 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.21%. Motorola Solutions’s dividend payout ratio is presently 48.08%.
A number of research firms recently issued reports on MSI. Cowen and Company reissued a “market perform” rating and issued a $83.00 price target (up from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Jefferies Group LLC upped their price objective on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research upgraded shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 price objective on the stock in a report on Tuesday, August 8th. BMO Capital Markets upped their price objective on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, ValuEngine cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $94.83.
In related news, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the sale, the executive vice president now owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares in the company, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
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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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