Zacks: Analysts Anticipate Motorola Solutions, Inc. (NYSE:MSI) Will Post Earnings of $1.58 Per Share

Brokerages predict that Motorola Solutions, Inc. (NYSE:MSIGet Rating) will report earnings per share (EPS) of $1.58 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Motorola Solutions’ earnings, with estimates ranging from $1.55 to $1.61. Motorola Solutions reported earnings of $1.87 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 15.5%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Motorola Solutions will report full year earnings of $9.86 per share for the current year, with EPS estimates ranging from $9.82 to $9.90. For the next year, analysts forecast that the firm will report earnings of $11.08 per share, with EPS estimates ranging from $10.55 to $11.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Motorola Solutions.

Motorola Solutions (NYSE:MSIGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The communications equipment provider reported $2.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.10. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Motorola Solutions had a net margin of 15.24% and a negative return on equity of 542.03%. During the same quarter in the prior year, the company posted $2.73 earnings per share.

Several analysts have recently commented on the stock. Morgan Stanley lowered their target price on shares of Motorola Solutions from $265.00 to $250.00 and set an “equal weight” rating for the company in a report on Tuesday, January 25th. Credit Suisse Group decreased their price objective on shares of Motorola Solutions from $306.00 to $288.00 and set an “outperform” rating for the company in a report on Thursday, February 10th. StockNews.com initiated coverage on shares of Motorola Solutions in a report on Thursday, March 31st. They set a “hold” rating for the company. Barclays increased their target price on shares of Motorola Solutions from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 10th. Finally, Citigroup increased their target price on shares of Motorola Solutions from $260.00 to $275.00 in a research report on Thursday, February 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $269.18.

In related news, CEO Gregory Q. Brown sold 100,000 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $218.02, for a total value of $21,802,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Q. Brown sold 81,731 shares of the company’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $221.92, for a total transaction of $18,137,743.52. The disclosure for this sale can be found here. Insiders own 1.85% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of Motorola Solutions by 10.0% during the 3rd quarter. Goldman Sachs Group Inc. now owns 916,409 shares of the communications equipment provider’s stock valued at $212,900,000 after acquiring an additional 83,513 shares during the period. Verition Fund Management LLC raised its holdings in Motorola Solutions by 294.8% during the 3rd quarter. Verition Fund Management LLC now owns 10,000 shares of the communications equipment provider’s stock valued at $2,323,000 after buying an additional 7,467 shares during the period. Artisan Partners Limited Partnership purchased a new stake in Motorola Solutions during the 3rd quarter valued at $102,748,000. Annex Advisory Services LLC raised its holdings in Motorola Solutions by 17.5% during the 4th quarter. Annex Advisory Services LLC now owns 1,184 shares of the communications equipment provider’s stock valued at $322,000 after buying an additional 176 shares during the period. Finally, Toews Corp ADV purchased a new stake in Motorola Solutions during the 3rd quarter valued at $418,000. 85.48% of the stock is owned by hedge funds and other institutional investors.

Shares of MSI stock traded down $3.06 on Friday, hitting $233.19. The stock had a trading volume of 575,422 shares, compared to its average volume of 791,202. The business has a 50 day moving average of $227.29 and a 200 day moving average of $241.85. The stock has a market cap of $39.05 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 2.86 and a beta of 0.88. Motorola Solutions has a 12-month low of $184.54 and a 12-month high of $273.65.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Tuesday, March 15th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, March 14th. Motorola Solutions’s payout ratio is 44.13%.

About Motorola Solutions (Get Rating)

Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

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