Zacks: Brokerages Expect Motorola Solutions Inc (MSI) Will Post Quarterly Sales of $1.86 Billion

Analysts forecast that Motorola Solutions Inc (NYSE:MSI) will announce $1.86 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Motorola Solutions’ earnings, with the lowest sales estimate coming in at $1.86 billion and the highest estimate coming in at $1.88 billion. Motorola Solutions posted sales of $1.65 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The firm is scheduled to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Motorola Solutions will report full year sales of $7.30 billion for the current fiscal year, with estimates ranging from $7.29 billion to $7.32 billion. For the next financial year, analysts expect that the business will report sales of $7.73 billion per share, with estimates ranging from $7.58 billion to $7.85 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Motorola Solutions.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 2nd. The communications equipment provider reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.09. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year.

A number of brokerages have commented on MSI. Credit Suisse Group set a $137.00 price objective on shares of Motorola Solutions and gave the company a “hold” rating in a research report on Friday. Jefferies Financial Group increased their price objective on shares of Motorola Solutions from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, August 28th. JPMorgan Chase & Co. downgraded shares of Motorola Solutions from a “neutral” rating to an “underweight” rating in a research report on Friday, August 3rd. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Tuesday, July 24th. Finally, Argus increased their price objective on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $130.23.

Shares of NYSE:MSI traded up $0.55 during trading hours on Wednesday, reaching $128.96. The stock had a trading volume of 1,368,900 shares, compared to its average volume of 1,139,765. Motorola Solutions has a 1 year low of $82.86 and a 1 year high of $129.44. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of -3.55. The company has a market cap of $20.84 billion, a PE ratio of 24.39, a P/E/G ratio of 2.04 and a beta of 0.43.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 14th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, September 13th. Motorola Solutions’s dividend payout ratio (DPR) is 40.00%.

In related news, Chairman Gregory Q. Brown sold 204,953 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $126.47, for a total value of $25,920,405.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark S. Hacker sold 102,628 shares of the stock in a transaction on Friday, September 7th. The shares were sold at an average price of $127.01, for a total transaction of $13,034,782.28. Following the completion of the transaction, the executive vice president now directly owns 56,259 shares in the company, valued at $7,145,455.59. The disclosure for this sale can be found here. Insiders sold a total of 649,479 shares of company stock worth $82,082,428 over the last ninety days. Insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in shares of Motorola Solutions by 13.1% in the 2nd quarter. BlackRock Inc. now owns 17,760,318 shares of the communications equipment provider’s stock valued at $2,066,771,000 after buying an additional 2,060,565 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Motorola Solutions by 16.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,231,955 shares of the communications equipment provider’s stock valued at $492,472,000 after buying an additional 596,941 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Motorola Solutions by 171.3% in the 2nd quarter. Voya Investment Management LLC now owns 2,509,657 shares of the communications equipment provider’s stock valued at $292,049,000 after buying an additional 1,584,672 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Motorola Solutions by 32.6% in the 2nd quarter. Wells Fargo & Company MN now owns 2,365,975 shares of the communications equipment provider’s stock valued at $275,329,000 after buying an additional 581,645 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in shares of Motorola Solutions by 6.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,044,591 shares of the communications equipment provider’s stock valued at $237,929,000 after buying an additional 132,180 shares during the last quarter. 86.19% of the stock is currently owned by hedge funds and other institutional investors.

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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