Motorola Solutions, Inc. (NYSE:MSI) Expected to Post Quarterly Sales of $1.83 Billion

Brokerages expect Motorola Solutions, Inc. (NYSE:MSIGet Rating) to post sales of $1.83 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Motorola Solutions’ earnings, with the lowest sales estimate coming in at $1.82 billion and the highest estimate coming in at $1.85 billion. Motorola Solutions posted sales of $1.77 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Motorola Solutions will report full year sales of $8.75 billion for the current financial year, with estimates ranging from $8.70 billion to $8.77 billion. For the next financial year, analysts anticipate that the firm will post sales of $9.34 billion, with estimates ranging from $9.23 billion to $9.44 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Motorola Solutions.

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

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

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

Institutional investors and hedge funds have recently modified their holdings of the company. Amplius Wealth Advisors LLC purchased a new position in Motorola Solutions during the fourth quarter worth approximately $27,000. Steward Financial Group LLC purchased a new position in Motorola Solutions during the fourth quarter worth approximately $27,000. Assetmark Inc. lifted its position in shares of Motorola Solutions by 50.0% in the third quarter. Assetmark Inc. now owns 126 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 42 shares in the last quarter. Missouri Trust & Investment Co purchased a new position in shares of Motorola Solutions in the fourth quarter valued at approximately $29,000. Finally, Moors & Cabot Inc. lifted its position in shares of Motorola Solutions by 1,534.9% in the third quarter. Moors & Cabot Inc. now owns 30,000 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 28,165 shares in the last quarter. Hedge funds and other institutional investors own 85.48% of the company’s stock.

MSI opened at $229.97 on Tuesday. The business has a fifty day moving average of $227.16 and a 200 day moving average of $241.89. Motorola Solutions has a 52-week low of $184.54 and a 52-week high of $273.65. The stock has a market cap of $38.51 billion, a P/E ratio of 32.12, a PEG ratio of 2.86 and a beta of 0.88.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Tuesday, March 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.37%. The ex-dividend date was Monday, March 14th. Motorola Solutions’s dividend payout ratio is currently 44.13%.

Motorola Solutions Company Profile (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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