Motorola Solutions Inc (MSI) Expected to Post Quarterly Sales of $1.37 Billion

Wall Street analysts expect Motorola Solutions Inc (NYSE:MSI) to report $1.37 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Motorola Solutions’ earnings. Motorola Solutions reported sales of $1.28 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The firm is expected to report its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Motorola Solutions will report full-year sales of $1.37 billion for the current fiscal year, with estimates ranging from $6.68 billion to $6.71 billion. For the next fiscal year, analysts forecast that the company will report sales of $6.71 billion per share, with estimates ranging from $6.38 billion to $6.91 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Motorola Solutions.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. MKM Partners lifted their price objective on shares of Motorola Solutions to $116.00 and gave the stock a “neutral” rating in a research note on Monday. Citigroup raised their target price on shares of Motorola Solutions from $104.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. BMO Capital Markets raised their target price on shares of Motorola Solutions from $102.00 to $116.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Jefferies Group raised their target price on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Motorola Solutions currently has an average rating of “Buy” and a consensus price target of $102.10.

In other Motorola Solutions news, EVP Eduardo F. Conrado sold 75,830 shares of Motorola Solutions stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $93.12, for a total value of $7,061,289.60. Following the completion of the transaction, the executive vice president now owns 51,346 shares of the company’s stock, valued at $4,781,339.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of Motorola Solutions stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The disclosure for this sale can be found here. Insiders sold 1,375,837 shares of company stock valued at $54,195,434 in the last ninety days. 2.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NuWave Investment Management LLC acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at about $168,000. Oppenheimer & Co. Inc. grew its position in shares of Motorola Solutions by 15.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 5,698 shares of the communications equipment provider’s stock valued at $515,000 after purchasing an additional 778 shares during the period. First Business Financial Services Inc. acquired a new stake in shares of Motorola Solutions in the fourth quarter valued at about $785,000. Swiss National Bank grew its position in shares of Motorola Solutions by 0.7% in the fourth quarter. Swiss National Bank now owns 815,078 shares of the communications equipment provider’s stock valued at $73,634,000 after purchasing an additional 5,900 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Motorola Solutions by 8.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 134,018 shares of the communications equipment provider’s stock valued at $12,107,000 after purchasing an additional 10,985 shares during the period. 87.89% of the stock is owned by institutional investors.

Shares of Motorola Solutions (NYSE:MSI) opened at $102.63 on Thursday. Motorola Solutions has a one year low of $77.23 and a one year high of $107.78. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of -2.56. The company has a market cap of $16,647.10, a price-to-earnings ratio of 19.80, a PEG ratio of 2.06 and a beta of 0.40.

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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.

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