Zacks: Analysts Anticipate Motorola Solutions Inc (MSI) Will Post Quarterly Sales of $1.95 Billion
Analysts expect Motorola Solutions Inc (NYSE:MSI) to post sales of $1.95 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Motorola Solutions’ earnings, with the highest sales estimate coming in at $1.96 billion and the lowest estimate coming in at $1.94 billion. Motorola Solutions posted sales of $1.88 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The company is expected to announce its next earnings results on Thursday, February 1st.
On average, analysts expect that Motorola Solutions will report full-year sales of $1.95 billion for the current year, with estimates ranging from $6.24 billion to $6.38 billion. For the next fiscal year, analysts expect that the firm will post sales of $6.49 billion per share, with estimates ranging from $6.41 billion to $6.58 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Motorola Solutions.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.40 by $0.13. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.58 billion. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. Motorola Solutions’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share.
In other Motorola Solutions news, EVP Bruce W. Brda sold 5,916 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $92.41, for a total value of $546,697.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Gregory Q. Brown sold 52,521 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $90.96, for a total value of $4,777,310.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 233,456 shares of company stock valued at $21,400,985. 2.50% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in shares of Motorola Solutions during the 3rd quarter valued at $2,193,000. IFM Investors Pty Ltd purchased a new stake in Motorola Solutions in the third quarter worth about $421,000. Sterling Capital Management LLC lifted its holdings in Motorola Solutions by 18.2% in the third quarter. Sterling Capital Management LLC now owns 43,438 shares of the communications equipment provider’s stock worth $3,687,000 after buying an additional 6,687 shares during the period. California Public Employees Retirement System lifted its holdings in Motorola Solutions by 4.8% in the third quarter. California Public Employees Retirement System now owns 395,631 shares of the communications equipment provider’s stock worth $33,577,000 after buying an additional 18,274 shares during the period. Finally, PHH Investments Ltd. bought a new position in shares of Motorola Solutions during the third quarter valued at approximately $1,096,000. Institutional investors own 87.84% of the company’s stock.
Motorola Solutions (NYSE:MSI) opened at $94.11 on Friday. The firm has a market cap of $15,313.84, a price-to-earnings ratio of 18.39, a PEG ratio of 4.21 and a beta of 0.33. Motorola Solutions has a one year low of $76.92 and a one year high of $94.96. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.16 and a current ratio of 1.30.
The business also recently disclosed 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 positive change from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, December 14th. Motorola Solutions’s dividend payout ratio is presently 48.08%.
WARNING: “Zacks: Analysts Anticipate Motorola Solutions Inc (MSI) Will Post Quarterly Sales of $1.95 Billion” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/01/zacks-analysts-anticipate-motorola-solutions-inc-msi-will-post-quarterly-sales-of-1-95-billion.html.
Motorola Solutions Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Motorola Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.