Motorola Solutions (NYSE:MSI) Issues FY 2019 Earnings Guidance

Motorola Solutions (NYSE:MSI) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $7.67-7.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.73. The company issued revenue guidance of $7.85701-7.893725 billion, compared to the consensus revenue estimate of $7.87 billion.Motorola Solutions also updated its Q3 guidance to $1.91 to $1.96 EPS.

A number of analysts recently commented on the company. MKM Partners lifted their price objective on Motorola Solutions to $170.00 in a research report on Friday. Deutsche Bank lifted their price objective on Motorola Solutions from $150.00 to $160.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Raymond James lifted their price objective on Motorola Solutions from $160.00 to $182.00 and gave the stock an outperform rating in a research report on Friday. Citigroup lifted their price objective on Motorola Solutions from $170.00 to $190.00 and gave the stock a buy rating in a research report on Friday. Finally, Northcoast Research cut Motorola Solutions from a buy rating to a neutral rating and set a $171.53 price objective for the company. in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $155.16.

MSI stock traded up $5.32 during trading on Friday, reaching $170.08. 1,732,395 shares of the company’s stock were exchanged, compared to its average volume of 667,753. Motorola Solutions has a 1-year low of $108.25 and a 1-year high of $173.44. The company has a fifty day simple moving average of $168.00. The stock has a market capitalization of $27.35 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.93 and a beta of 0.56.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.17. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. Motorola Solutions had a negative return on equity of 91.61% and a net margin of 13.29%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 earnings per share. On average, equities research analysts forecast that Motorola Solutions will post 7.41 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 14th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, June 13th. Motorola Solutions’s dividend payout ratio (DPR) is presently 33.38%.

In other news, SVP Rajan Naik sold 1,708 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $150.83, for a total transaction of $257,617.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark S. Hacker sold 54,712 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $140.75, for a total value of $7,700,714.00. The disclosure for this sale can be found here. Insiders have sold 293,426 shares of company stock worth $45,783,035 over the last ninety days. 2.99% of the stock is owned by insiders.

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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