Wall Street brokerages expect Motorola Solutions Inc (NYSE:MSI) to announce sales of $1.71 billion for the current quarter, according to Zacks. Four analysts have provided estimates for Motorola Solutions’ earnings, with the highest sales estimate coming in at $1.72 billion and the lowest estimate coming in at $1.70 billion. Motorola Solutions reported sales of $1.50 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14%. The business is scheduled to report its next earnings results on Thursday, August 2nd.
On average, analysts expect that Motorola Solutions will report full year sales of $7.28 billion for the current fiscal year, with estimates ranging from $7.21 billion to $7.34 billion. For the next financial year, analysts expect that the firm will report sales of $7.64 billion per share, with estimates ranging from $7.54 billion to $7.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Motorola Solutions.
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Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 3rd. The communications equipment provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.22. Motorola Solutions had a negative net margin of 1.75% and a negative return on equity of 73.43%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion.
A number of research firms have issued reports on MSI. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday. Cowen upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 target price on the stock in a research report on Wednesday. Credit Suisse Group began coverage on shares of Motorola Solutions in a research report on Wednesday, May 9th. They set an “outperform” rating and a $129.00 target price on the stock. BMO Capital Markets upped their target price on shares of Motorola Solutions from $116.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, May 4th. Finally, BTIG Research began coverage on shares of Motorola Solutions in a research report on Friday, March 16th. They set a “buy” rating and a $137.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $123.83.
Motorola Solutions stock opened at $120.32 on Thursday. The company has a debt-to-equity ratio of -3.45, a quick ratio of 1.03 and a current ratio of 1.17. Motorola Solutions has a 1 year low of $82.86 and a 1 year high of $121.30. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 2.26 and a beta of 0.31.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 15th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.73%. Motorola Solutions’s dividend payout ratio is 40.00%.
Large investors have recently made changes to their positions in the stock. Massey Quick Simon & CO. LLC raised its position in shares of Motorola Solutions by 78.9% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,700 shares of the communications equipment provider’s stock valued at $179,000 after acquiring an additional 750 shares during the period. Zeke Capital Advisors LLC acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at approximately $201,000. Greenwich Wealth Management LLC acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at approximately $210,000. Cetera Advisors LLC acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at approximately $220,000. Finally, Parthenon LLC acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at approximately $228,000. Institutional investors and hedge funds own 85.23% of the company’s stock.
Motorola Solutions Company Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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