Zacks: Analysts Anticipate Motorola Solutions Inc (MSI) to Post $1.72 EPS

Wall Street analysts expect Motorola Solutions Inc (NYSE:MSI) to report earnings per share of $1.72 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Motorola Solutions’ earnings, with the highest EPS estimate coming in at $1.75 and the lowest estimate coming in at $1.70. Motorola Solutions reported earnings of $1.53 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.4%. The business is expected to announce its next earnings results on Thursday, November 1st.

On average, analysts expect that Motorola Solutions will report full-year earnings of $6.85 per share for the current year, with EPS estimates ranging from $6.75 to $6.97. For the next financial year, analysts expect that the business will report earnings of $7.53 per share, with EPS estimates ranging from $7.35 to $7.87. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Motorola Solutions.

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

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Cowen upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 price target for the company in a report on Wednesday, July 11th. Credit Suisse Group set a $129.00 price target on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Tuesday, July 17th. Argus upped their price target on shares of Motorola Solutions to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, Jefferies Financial Group upped their price target on shares of Motorola Solutions from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. Motorola Solutions has a consensus rating of “Buy” and an average target price of $130.23.

Shares of NYSE:MSI traded down $0.27 during trading on Monday, hitting $126.49. 949,900 shares of the company were exchanged, compared to its average volume of 1,139,140. The company has a market capitalization of $20.44 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 2.00 and a beta of 0.43. The company has a debt-to-equity ratio of -3.55, a quick ratio of 1.09 and a current ratio of 1.23. Motorola Solutions has a 1-year low of $82.86 and a 1-year high of $129.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 14th will be paid a $0.52 dividend. The ex-dividend date is Thursday, September 13th. This represents a $2.08 annualized dividend and a dividend yield of 1.64%. Motorola Solutions’s dividend payout ratio is 40.00%.

In other Motorola Solutions news, CFO Gino A. Bonanotte sold 23,201 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $125.97, for a total transaction of $2,922,629.97. Following the sale, the chief financial officer now owns 41,019 shares of the company’s stock, valued at $5,167,163.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory Q. Brown sold 65,873 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $125.94, for a total transaction of $8,296,045.62. The disclosure for this sale can be found here. In the last three months, insiders sold 444,526 shares of company stock worth $56,162,022. 2.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MSI. Chicago Equity Partners LLC acquired a new position in shares of Motorola Solutions during the first quarter valued at about $275,000. Aperio Group LLC raised its holdings in shares of Motorola Solutions by 12.2% in the 1st quarter. Aperio Group LLC now owns 148,590 shares of the communications equipment provider’s stock worth $15,646,000 after acquiring an additional 16,100 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Motorola Solutions by 192.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 19,260 shares of the communications equipment provider’s stock worth $2,028,000 after acquiring an additional 12,681 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Motorola Solutions by 3.4% in the 1st quarter. Gulf International Bank UK Ltd now owns 51,350 shares of the communications equipment provider’s stock valued at $5,407,000 after buying an additional 1,700 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Motorola Solutions by 232.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 44,732 shares of the communications equipment provider’s stock valued at $4,710,000 after buying an additional 31,282 shares during the last quarter. Hedge funds and other institutional investors own 86.22% of the company’s stock.

About Motorola Solutions

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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