Motorola Solutions (NYSE:MSI) Releases Q3 Earnings Guidance

Motorola Solutions (NYSE:MSI) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.91 to $1.96 for the period, compared to the Thomson Reuters consensus estimate of $2.00. Motorola Solutions also updated its FY 2019 guidance to $7.67-7.77 EPS.

Shares of NYSE:MSI traded down $1.20 on Thursday, hitting $164.76. 1,460,150 shares of the company traded hands, compared to its average volume of 988,136. Motorola Solutions has a 52 week low of $108.25 and a 52 week high of $173.44. The business has a 50 day moving average price of $167.82. The company has a market capitalization of $27.46 billion, a P/E ratio of 24.12, a PEG ratio of 2.98 and a beta of 0.58.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.17. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $1.46 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Analysts predict that Motorola Solutions will post 7.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 14th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.38%. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.

Several research firms recently commented on MSI. Northcoast Research cut Motorola Solutions from a buy rating to a neutral rating and set a $171.53 price objective on the stock. in a research report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on Motorola Solutions from $136.00 to $150.00 and gave the company an underweight rating in a research report on Wednesday, July 24th. MKM Partners increased their price objective on Motorola Solutions to $143.00 and gave the company a neutral rating in a research report on Monday, May 6th. Raymond James set a $160.00 price objective on Motorola Solutions and gave the company a buy rating in a research report on Friday, May 3rd. Finally, Argus increased their price objective on Motorola Solutions from $165.00 to $190.00 and gave the company a buy rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Motorola Solutions presently has a consensus rating of Buy and a consensus price target of $149.85.

In other Motorola Solutions news, EVP Mark S. Hacker sold 54,712 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $140.75, for a total value of $7,700,714.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Gregory Q. Brown sold 21,600 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $146.93, for a total value of $3,173,688.00. The disclosure for this sale can be found here. Insiders sold 293,426 shares of company stock worth $45,783,035 over the last three months. Insiders own 2.99% of the company’s stock.

About Motorola Solutions

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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