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

Wall Street analysts expect that Motorola Solutions Inc (NYSE:MSI) will post $1.86 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Motorola Solutions’ earnings. The lowest sales estimate is $1.85 billion and the highest is $1.88 billion. Motorola Solutions posted sales of $1.76 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The company is scheduled to report its next quarterly earnings report on Thursday, August 1st.

On average, analysts expect that Motorola Solutions will report full-year sales of $7.85 billion for the current year, with estimates ranging from $7.78 billion to $7.95 billion. For the next year, analysts forecast that the firm will report sales of $8.21 billion, with estimates ranging from $8.04 billion to $8.39 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Motorola Solutions.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.20. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 82.33%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis.

A number of analysts recently weighed in on the stock. BTIG Research increased their price objective on shares of Motorola Solutions from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Citigroup increased their price objective on shares of Motorola Solutions from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Credit Suisse Group reaffirmed a “buy” rating and issued a $134.00 price objective on shares of Motorola Solutions in a report on Wednesday, January 16th. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Wednesday, February 13th. Finally, ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $136.73.

Shares of MSI stock traded up $1.27 during trading hours on Friday, reaching $143.62. The stock had a trading volume of 1,563,989 shares, compared to its average volume of 988,408. Motorola Solutions has a twelve month low of $105.06 and a twelve month high of $148.43. The stock has a market cap of $23.54 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.46 and a beta of 0.59.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.59%. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.

In other Motorola Solutions news, EVP John P. Molloy sold 79,995 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $139.42, for a total transaction of $11,152,902.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Daniel G. Pekofske sold 4,785 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $143.03, for a total transaction of $684,398.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,380 shares of company stock worth $13,778,157. 2.99% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in MSI. AQR Capital Management LLC increased its stake in Motorola Solutions by 246.1% during the 3rd quarter. AQR Capital Management LLC now owns 72,061 shares of the communications equipment provider’s stock valued at $9,378,000 after buying an additional 51,240 shares during the period. Kentucky Retirement Systems acquired a new position in Motorola Solutions during the 3rd quarter valued at about $1,283,000. Teachers Advisors LLC increased its stake in Motorola Solutions by 21.9% during the 3rd quarter. Teachers Advisors LLC now owns 1,012,288 shares of the communications equipment provider’s stock valued at $131,739,000 after buying an additional 182,109 shares during the period. TIAA CREF Investment Management LLC increased its stake in Motorola Solutions by 19.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 2,283,035 shares of the communications equipment provider’s stock valued at $297,114,000 after buying an additional 374,328 shares during the period. Finally, Nordea Investment Management AB increased its stake in Motorola Solutions by 1,775.1% during the 3rd quarter. Nordea Investment Management AB now owns 285,200 shares of the communications equipment provider’s stock valued at $37,114,000 after buying an additional 269,990 shares during the period. 87.15% of the stock is currently owned by hedge funds and other institutional investors.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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