Equities analysts expect Motorola Solutions Inc (NYSE:MSI) to report sales of $1.37 billion for the current quarter, Zacks reports. Six analysts have issued estimates for Motorola Solutions’ earnings. Motorola Solutions reported sales of $1.28 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The company is scheduled to announce its next 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 financial year, with estimates ranging from $6.65 billion to $7.03 billion. For the next year, analysts expect that the company will report sales of $7.05 billion per share, with estimates ranging from $6.53 billion to $7.56 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Motorola Solutions.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.06. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 earnings per share.
In related news, Chairman Gregory Q. Brown sold 187,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $108.69, for a total transaction of $20,325,030.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the firm’s 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. In the last quarter, insiders sold 1,209,467 shares of company stock worth $41,888,887. Insiders own 2.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust increased its stake in Motorola Solutions by 731.0% in the 3rd quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock worth $102,000 after buying an additional 1,060 shares during the period. NuWave Investment Management LLC acquired a new stake in Motorola Solutions during the 4th quarter valued at approximately $168,000. Tower Research Capital LLC TRC acquired a new stake in Motorola Solutions during the 4th quarter valued at approximately $188,000. Meeder Asset Management Inc. lifted its stake in Motorola Solutions by 67.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock valued at $196,000 after acquiring an additional 874 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Motorola Solutions during the 3rd quarter valued at approximately $187,000. Hedge funds and other institutional investors own 87.93% of the company’s stock.
Motorola Solutions (MSI) opened at $109.22 on Wednesday. The firm has a market capitalization of $17,558.32, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.16 and a beta of 0.32. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of -2.56. Motorola Solutions has a 12-month low of $79.63 and a 12-month high of $110.29.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.90%. Motorola Solutions’s dividend payout ratio is presently -192.59%.
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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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