Motorola Solutions, Inc. (NYSE:MSI) posted its quarterly earnings results on Thursday. The communications equipment provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.13, Bloomberg Earnings reports. Motorola Solutions had a negative return on equity of 88.13% and a net margin of 10.51%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm earned $1.37 EPS. Motorola Solutions’s revenue was up 7.4% on a year-over-year basis. Motorola Solutions updated its Q4 guidance to $2.00-2.05 EPS.
Shares of Motorola Solutions (MSI) traded up $3.69 during mid-day trading on Friday, hitting $94.25. The stock had a trading volume of 1,576,908 shares, compared to its average volume of 769,310. The firm has a market capitalization of $15.27 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 3.45 and a beta of 0.33. The company has a current ratio of 1.33, a quick ratio of 1.17 and a debt-to-equity ratio of -4.53. Motorola Solutions has a 12 month low of $72.54 and a 12 month high of $94.94.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be paid a $0.52 dividend. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.21%. Motorola Solutions’s dividend payout ratio is presently 48.08%.
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In other news, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the sale, the executive vice president now owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
A number of equities analysts have recently commented on the company. Cowen and Company reissued a “market perform” rating and set a $83.00 price target (up previously from $75.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and set a $105.00 price target (up previously from $100.00) on shares of Motorola Solutions in a report on Wednesday, August 9th. Zacks Investment Research raised Motorola Solutions from a “sell” rating to a “hold” rating and set a $99.00 price target for the company in a report on Tuesday, August 8th. BMO Capital Markets boosted their price target on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, ValuEngine cut Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $94.83.
Motorola Solutions Company Profile
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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