Analysts Anticipate Motorola Solutions, Inc. (MSI) Will Post Quarterly Sales of $1.93 Billion
Wall Street brokerages forecast that Motorola Solutions, Inc. (NYSE:MSI) will report $1.93 billion in sales 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 $1.89 billion and the highest estimate coming in at $1.96 billion. Motorola Solutions posted sales of $1.88 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The company is expected to issue its next quarterly earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Motorola Solutions will report full-year sales of $1.93 billion for the current fiscal year, with estimates ranging from $6.24 billion to $6.38 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.46 billion per share, with estimates ranging from $6.28 billion to $6.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Motorola Solutions.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. Motorola Solutions’s quarterly revenue was up 7.4% on a year-over-year basis.
MSI has been the topic of a number of recent analyst reports. Credit Suisse Group set a $95.00 price objective on Motorola Solutions and gave the stock a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 price objective on shares of Motorola Solutions in a report on Tuesday, August 22nd. Finally, Cleveland Research raised Motorola Solutions from a “neutral” rating to a “buy” rating in a report on Friday, October 6th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $95.08.
In other news, EVP Bruce W. Brda sold 5,916 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $92.41, for a total value of $546,697.56. The sale was disclosed in a filing with the SEC, which is available through this link. 2.50% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Stifel Financial Corp lifted its position in shares of Motorola Solutions by 7.9% in the third quarter. Stifel Financial Corp now owns 59,525 shares of the communications equipment provider’s stock valued at $5,047,000 after acquiring an additional 4,349 shares in the last quarter. Pinebridge Investments L.P. lifted its position in shares of Motorola Solutions by 267.1% in the third quarter. Pinebridge Investments L.P. now owns 6,087 shares of the communications equipment provider’s stock valued at $516,000 after acquiring an additional 4,429 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Motorola Solutions by 18.6% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 22,917 shares of the communications equipment provider’s stock valued at $1,945,000 after acquiring an additional 3,596 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Motorola Solutions by 8.9% in the third quarter. Artisan Partners Limited Partnership now owns 2,312,861 shares of the communications equipment provider’s stock valued at $196,293,000 after acquiring an additional 188,573 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Motorola Solutions by 16.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 511,667 shares of the communications equipment provider’s stock valued at $43,425,000 after acquiring an additional 73,960 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.
Shares of Motorola Solutions (NYSE MSI) traded down $0.54 during mid-day trading on Monday, reaching $91.07. The company had a trading volume of 584,800 shares, compared to its average volume of 760,325. Motorola Solutions has a 52-week low of $76.92 and a 52-week high of $94.94. The firm has a market capitalization of $14,753.32, a price-to-earnings ratio of 17.72, a PEG ratio of 4.06 and a beta of 0.33. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be given a $0.52 dividend. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, December 14th. Motorola Solutions’s dividend payout ratio is currently 48.08%.
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.