Brokerages Expect Motorola Solutions Inc (NYSE:MSI) Will Post Earnings of $1.95 Per Share

Wall Street brokerages predict that Motorola Solutions Inc (NYSE:MSI) will report earnings of $1.95 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Motorola Solutions’ earnings. The highest EPS estimate is $1.97 and the lowest is $1.93. Motorola Solutions reported earnings of $1.94 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 0.5%. The business is scheduled to report its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Motorola Solutions will report full year earnings of $7.77 per share for the current financial year, with EPS estimates ranging from $7.68 to $7.90. For the next financial year, analysts expect that the firm will post earnings of $8.55 per share, with EPS estimates ranging from $8.14 to $8.77. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Motorola Solutions.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.17. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the business posted $1.46 EPS. Motorola Solutions’s revenue was up 5.7% compared to the same quarter last year.

A number of research analysts recently issued reports on MSI shares. Raymond James raised their target price on shares of Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Citigroup increased their price target on shares of Motorola Solutions from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price target for the company. in a report on Wednesday, July 3rd. Argus increased their price target on shares of Motorola Solutions from $165.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, MKM Partners increased their price target on shares of Motorola Solutions to $170.00 in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Motorola Solutions currently has an average rating of “Buy” and an average price target of $158.00.

In other news, SVP Rajan Naik sold 1,708 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $150.83, for a total transaction of $257,617.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gino A. Bonanotte sold 49,554 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $156.86, for a total transaction of $7,773,040.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 704,292 shares of company stock valued at $120,725,479. Insiders own 2.99% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its holdings in Motorola Solutions by 2.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,270 shares of the communications equipment provider’s stock valued at $378,000 after purchasing an additional 60 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Motorola Solutions by 5.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,150 shares of the communications equipment provider’s stock valued at $192,000 after purchasing an additional 61 shares during the last quarter. Profund Advisors LLC lifted its holdings in Motorola Solutions by 1.1% during the 2nd quarter. Profund Advisors LLC now owns 6,833 shares of the communications equipment provider’s stock valued at $1,139,000 after purchasing an additional 73 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Motorola Solutions by 17.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 500 shares of the communications equipment provider’s stock valued at $83,000 after purchasing an additional 76 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its holdings in Motorola Solutions by 1.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 6,039 shares of the communications equipment provider’s stock valued at $1,007,000 after purchasing an additional 79 shares during the last quarter. 85.18% of the stock is owned by institutional investors.

NYSE:MSI traded up $1.26 during midday trading on Friday, reaching $173.32. The stock had a trading volume of 921,500 shares, compared to its average volume of 932,713. Motorola Solutions has a 1-year low of $108.25 and a 1-year high of $179.14. The firm’s fifty day simple moving average is $170.73 and its 200-day simple moving average is $151.37. The stock has a market capitalization of $28.31 billion, a P/E ratio of 25.38, a PEG ratio of 3.04 and a beta of 0.56.

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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