Motorola Solutions, Inc. (NYSE:MSI) will be issuing its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $1.40 per share for the quarter. Motorola Solutions has set its Q3 guidance at $1.36-1.41 EPS and its FY17 guidance at $5.20-5.30 EPS.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. On average, analysts expect Motorola Solutions to post $5.02 EPS for the current fiscal year and $5.33 EPS for the next fiscal year.
Motorola Solutions, Inc. (NYSE MSI) opened at 90.54 on Wednesday. The stock’s 50 day moving average is $87.46 and its 200-day moving average is $86.81. Motorola Solutions, Inc. has a 12-month low of $71.24 and a 12-month high of $93.75. The company has a market capitalization of $14.73 billion, a P/E ratio of 23.88 and a beta of 0.31.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 15th were paid a $0.47 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.88 annualized dividend and a dividend yield of 2.08%. Motorola Solutions’s dividend payout ratio (DPR) is presently 49.60%.
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In related news, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the completion of the sale, the executive vice president now owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the sale, the executive vice president now directly owns 22,858 shares of the company’s stock, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Several equities analysts recently commented on MSI shares. Credit Suisse Group set a $95.00 price target on shares of Motorola Solutions and gave the company a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and issued a $105.00 price target on shares of Motorola Solutions in a research note on Tuesday, August 22nd. Finally, Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Motorola Solutions presently has an average rating of “Buy” and an average target price of $94.42.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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