$1.85 Billion in Sales Expected for Motorola Solutions Inc (NYSE:MSI) This Quarter

Equities research analysts expect Motorola Solutions Inc (NYSE:MSI) to announce $1.85 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Motorola Solutions’ earnings. The lowest sales estimate is $1.84 billion and the highest is $1.86 billion. Motorola Solutions posted sales of $1.76 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Motorola Solutions will report full year sales of $7.87 billion for the current fiscal year, with estimates ranging from $7.82 billion to $7.95 billion. For the next financial year, analysts forecast that the business will post sales of $8.25 billion, with estimates ranging from $8.16 billion to $8.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Motorola Solutions.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.20. Motorola Solutions had a net margin of 13.29% and a negative return on equity of 91.61%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business posted $1.10 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis.

Several analysts recently commented on MSI shares. BTIG Research started coverage on shares of GrubHub in a research report on Tuesday, April 2nd. They set a “buy” rating and a $95.00 price objective on the stock. MKM Partners boosted their price target on Arista Networks to $295.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Citigroup reaffirmed a “sell” rating on shares of Bayerische Motoren Werke in a research report on Friday, April 5th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Total in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $140.81.

In other news, CAO Daniel G. Pekofske sold 4,785 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $143.03, for a total transaction of $684,398.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John P. Molloy sold 165,852 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $162.06, for a total transaction of $26,877,975.12. The disclosure for this sale can be found here. Insiders have sold 298,211 shares of company stock valued at $46,467,434 in the last ninety days. Insiders own 2.99% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MSI. Truvestments Capital LLC purchased a new position in Motorola Solutions during the 1st quarter worth approximately $28,000. Reilly Financial Advisors LLC grew its holdings in Motorola Solutions by 386.0% during the 1st quarter. Reilly Financial Advisors LLC now owns 418 shares of the communications equipment provider’s stock worth $28,000 after acquiring an additional 332 shares during the period. Institutional & Family Asset Management LLC grew its holdings in Motorola Solutions by 100.0% during the 1st quarter. Institutional & Family Asset Management LLC now owns 200 shares of the communications equipment provider’s stock worth $28,000 after acquiring an additional 100 shares during the period. Hexavest Inc. acquired a new stake in Motorola Solutions during the 2nd quarter worth $30,000. Finally, Liberty Wealth Management LLC acquired a new stake in Motorola Solutions during the 4th quarter worth $32,000. 85.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Motorola Solutions stock traded up $1.21 during midday trading on Friday, reaching $172.28. The company had a trading volume of 510,000 shares, compared to its average volume of 1,012,502. The firm has a market cap of $28.13 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 3.01 and a beta of 0.58. The company’s fifty day moving average is $162.00. Motorola Solutions has a 1-year low of $108.25 and a 1-year high of $172.35.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, June 13th. Motorola Solutions’s payout ratio is currently 33.38%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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