Motorola Solutions (MSI) Releases FY 2018 Earnings Guidance

Motorola Solutions (NYSE:MSI) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.79-6.89 for the period, compared to the Thomson Reuters consensus estimate of $6.86. The company issued revenue guidance of $7.305-7.305 billion, compared to the consensus revenue estimate of $7.31 billion.Motorola Solutions also updated its Q4 guidance to $2.50-2.55 EPS.

Shares of NYSE MSI traded up $5.06 during trading on Friday, hitting $128.84. 2,171,268 shares of the company were exchanged, compared to its average volume of 847,075. The firm has a market capitalization of $20.91 billion, a P/E ratio of 20.52, a PEG ratio of 2.04 and a beta of 0.46. Motorola Solutions has a 1 year low of $89.18 and a 1 year high of $131.48.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.72 by $0.22. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 66.81%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 EPS. As a group, equities research analysts forecast that Motorola Solutions will post 6.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, September 13th. This represents a $2.08 annualized dividend and a dividend yield of 1.61%. Motorola Solutions’s payout ratio is currently 40.00%.

Several equities research analysts have commented on MSI shares. Jefferies Financial Group boosted their target price on shares of Motorola Solutions to $140.00 and gave the stock a buy rating in a research report on Monday, July 23rd. Credit Suisse Group set a $137.00 target price on shares of Motorola Solutions and gave the stock a hold rating in a research report on Friday, September 21st. Zacks Investment Research upgraded shares of Motorola Solutions from a hold rating to a buy rating and set a $137.00 target price on the stock in a research report on Tuesday, July 24th. JPMorgan Chase & Co. decreased their target price on shares of Motorola Solutions from $130.00 to $126.00 and set a sell rating on the stock in a research report on Friday. Finally, Northcoast Research set a $128.00 target price on shares of Motorola Solutions and gave the stock a buy rating in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $133.38.

In related news, EVP Mark S. Hacker sold 102,628 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $127.01, for a total value of $13,034,782.28. Following the sale, the executive vice president now directly owns 56,259 shares in the company, valued at approximately $7,145,455.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gregory Q. Brown sold 204,953 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $126.47, for a total transaction of $25,920,405.91. 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 quarter. Insiders own 2.20% of the company’s stock.

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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Earnings History and Estimates for Motorola Solutions (NYSE:MSI)

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