Zacks: Analysts Anticipate Motorola Solutions (MSI) to Announce $0.86 Earnings Per Share

Equities research analysts expect Motorola Solutions (NYSE:MSI) to post $0.86 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Motorola Solutions’ earnings. The highest EPS estimate is $0.88 and the lowest is $0.83. Motorola Solutions reported earnings of $0.71 per share in the same quarter last year, which would suggest a positive year over year growth rate of 21.1%. The business is expected to announce its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Motorola Solutions will report full-year earnings of $6.57 per share for the current financial year, with EPS estimates ranging from $6.39 to $6.70. For the next financial year, analysts expect that the business will report earnings of $7.08 per share, with EPS estimates ranging from $6.28 to $7.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Motorola Solutions.

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Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.06. Motorola Solutions had a negative net margin of 2.43% and a negative return on equity of 75.81%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm earned $2.03 EPS. Motorola Solutions’s quarterly revenue was up 3.9% compared to the same quarter last year.

Several research firms recently weighed in on MSI. ValuEngine raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Jefferies Group restated a “buy” rating on shares of Motorola Solutions in a report on Thursday, March 1st. MKM Partners raised their target price on shares of Motorola Solutions to $116.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Citigroup raised their target price on shares of Motorola Solutions from $104.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $114.58.

In other news, Chairman Gregory Q. Brown sold 187,000 shares of Motorola Solutions stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $108.69, for a total value of $20,325,030.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO John K. Wozniak sold 45,577 shares of Motorola Solutions stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $104.90, for a total transaction of $4,781,027.30. Following the completion of the sale, the chief accounting officer now owns 20,099 shares in the company, valued at $2,108,385.10. The disclosure for this sale can be found here. Insiders sold 417,577 shares of company stock worth $45,285,857 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its holdings in Motorola Solutions by 60.5% during the third quarter. Cubist Systematic Strategies LLC now owns 11,919 shares of the communications equipment provider’s stock worth $1,012,000 after buying an additional 4,495 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Motorola Solutions by 9.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,217,974 shares of the communications equipment provider’s stock worth $200,372,000 after acquiring an additional 193,079 shares in the last quarter. Arizona State Retirement System raised its stake in Motorola Solutions by 2.9% during the fourth quarter. Arizona State Retirement System now owns 113,002 shares of the communications equipment provider’s stock worth $10,209,000 after acquiring an additional 3,160 shares in the last quarter. Exane Derivatives raised its stake in Motorola Solutions by 19.2% during the fourth quarter. Exane Derivatives now owns 25,512 shares of the communications equipment provider’s stock worth $2,304,000 after acquiring an additional 4,117 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in Motorola Solutions during the fourth quarter worth about $420,000. Institutional investors own 87.94% of the company’s stock.

Motorola Solutions stock traded up $0.22 during midday trading on Friday, hitting $110.87. 52,902 shares of the stock were exchanged, compared to its average volume of 1,233,889. Motorola Solutions has a 52 week low of $79.63 and a 52 week high of $110.93. The firm has a market capitalization of $17,569.61, a price-to-earnings ratio of 20.99, a PEG ratio of 2.16 and a beta of 0.32. The company has a debt-to-equity ratio of -2.56, a current ratio of 1.35 and a quick ratio of 1.24.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 15th were issued a $0.52 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.88%. Motorola Solutions’s dividend payout ratio (DPR) is presently 40.00%.

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About Motorola Solutions

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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