Zacks: Analysts Expect Motorola Solutions Inc (MSI) Will Post Earnings of $1.37 Per Share

Equities research analysts forecast that Motorola Solutions Inc (NYSE:MSI) will announce earnings per share of $1.37 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Motorola Solutions’ earnings. The highest EPS estimate is $1.38 and the lowest is $1.34. Motorola Solutions posted earnings of $1.12 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.3%. The business is scheduled to announce its next earnings report on Thursday, August 2nd.

On average, analysts expect that Motorola Solutions will report full year earnings of $6.80 per share for the current financial year, with EPS estimates ranging from $6.75 to $6.87. For the next year, analysts expect that the business will post earnings of $7.40 per share, with EPS estimates ranging from $7.20 to $7.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Motorola Solutions.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, May 3rd. The communications equipment provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.22. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Motorola Solutions had a negative net margin of 1.75% and a negative return on equity of 73.43%.

MSI has been the topic of several analyst reports. Citigroup raised their target price on shares of Motorola Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 9th. Zacks Investment Research cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Northcoast Research set a $120.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a report on Wednesday, April 11th. BTIG Research began coverage on shares of Motorola Solutions in a report on Friday, March 16th. They set a “buy” rating and a $137.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on shares of Motorola Solutions from $116.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, May 4th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $119.25.

NYSE:MSI traded down $0.74 during mid-day trading on Friday, hitting $116.37. The stock had a trading volume of 1,374,288 shares, compared to its average volume of 1,044,233. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.23 and a beta of 0.33. Motorola Solutions has a twelve month low of $82.86 and a twelve month high of $118.37. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of -3.45.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 15th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.79%. Motorola Solutions’s payout ratio is 40.00%.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Motorola Solutions by 5.2% in the 1st quarter. BlackRock Inc. now owns 15,699,753 shares of the communications equipment provider’s stock valued at $1,653,184,000 after acquiring an additional 771,990 shares during the period. OppenheimerFunds Inc. increased its holdings in shares of Motorola Solutions by 33.2% in the 1st quarter. OppenheimerFunds Inc. now owns 3,635,014 shares of the communications equipment provider’s stock valued at $382,767,000 after acquiring an additional 906,012 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Motorola Solutions by 9.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,217,974 shares of the communications equipment provider’s stock valued at $200,372,000 after acquiring an additional 193,079 shares during the period. Geode Capital Management LLC increased its holdings in shares of Motorola Solutions by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,779,460 shares of the communications equipment provider’s stock valued at $160,437,000 after acquiring an additional 16,310 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Motorola Solutions by 118.3% in the 1st quarter. Millennium Management LLC now owns 1,114,856 shares of the communications equipment provider’s stock valued at $117,394,000 after acquiring an additional 604,248 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Company Profile

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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