Zacks: Analysts Anticipate Motorola Solutions Inc (MSI) to Announce $2.03 Earnings Per Share

Wall Street brokerages forecast that Motorola Solutions Inc (NYSE:MSI) will post earnings per share (EPS) of $2.03 for the current quarter, Zacks reports. Five analysts have provided estimates for Motorola Solutions’ earnings, with estimates ranging from $2.00 to $2.05. Motorola Solutions also reported earnings per share of $2.03 during the same quarter last year. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that Motorola Solutions will report full year earnings of $5.39 per share for the current financial year, with EPS estimates ranging from $5.36 to $5.44. For the next financial year, analysts forecast that the company will report earnings of $5.80 per share, with EPS estimates ranging from $5.37 to $6.30. Zacks’ EPS averages are an average based on a survey of research analysts that cover Motorola Solutions.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.13. Motorola Solutions had a negative return on equity of 92.09% and a net margin of 10.51%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $1.37 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Wednesday. Deutsche Bank upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Friday, January 12th. Jefferies Group boosted their price objective on shares of Motorola Solutions from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. ValuEngine lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Cleveland Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $95.50.

In other news, CEO Gregory Q. Brown sold 75,019 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $90.91, for a total transaction of $6,819,977.29. Following the completion of the sale, the chief executive officer now owns 183,312 shares in the company, valued at approximately $16,664,893.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bruce W. Brda sold 5,916 shares of Motorola Solutions stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $92.41, for a total transaction of $546,697.56. The disclosure for this sale can be found here. Insiders have sold a total of 1,336,176 shares of company stock valued at $49,961,105 over the last three months. 2.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sun Life Financial INC lifted its stake in Motorola Solutions by 14,800.0% in the second quarter. Sun Life Financial INC now owns 1,192 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 1,184 shares in the last quarter. Acrospire Investment Management LLC lifted its position in shares of Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock worth $104,000 after purchasing an additional 300 shares in the last quarter. Grove Bank & Trust lifted its position in shares of Motorola Solutions by 731.0% in the third quarter. Grove Bank & Trust now owns 1,205 shares of the communications equipment provider’s stock worth $102,000 after purchasing an additional 1,060 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Motorola Solutions in the third quarter worth $187,000. Finally, Williams Jones & Associates LLC bought a new stake in Motorola Solutions during the second quarter worth $201,000. Hedge funds and other institutional investors own 87.81% of the company’s stock.

Shares of Motorola Solutions (MSI) traded up $0.30 on Friday, reaching $97.80. The company’s stock had a trading volume of 1,070,388 shares, compared to its average volume of 1,060,000. The company has a debt-to-equity ratio of -5.41, a current ratio of 1.30 and a quick ratio of 1.16. The firm has a market cap of $15,840.00, a P/E ratio of 25.01, a PEG ratio of 4.04 and a beta of 0.35. Motorola Solutions has a 52 week low of $76.92 and a 52 week high of $98.27.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 15th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.47. The ex-dividend date was Thursday, December 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 53.20%.

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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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