Motorola Solutions Inc. (NYSE:MSI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.82-1.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.87. The company issued revenue guidance of 1.83-1.85 billion, compared to the consensus revenue estimate of $1.86 billion.
Shares of Motorola Solutions Inc. (NYSE:MSI) opened at 75.90 on Monday. Motorola Solutions Inc. has a 1-year low of $59.13 and a 1-year high of $78.99. The firm has a 50-day moving average price of $74.42 and a 200-day moving average price of $72.07. The stock has a market capitalization of $12.65 billion, a PE ratio of 26.77 and a beta of 0.40.
Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.17. Motorola Solutions had a negative return on equity of 190.73% and a net margin of 10.19%. The business earned $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that Motorola Solutions Inc. will post $4.60 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.41. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.48%. Motorola Solutions’s payout ratio is presently 48.09%.
A number of equities research analysts have recently weighed in on MSI shares. Deutsche Bank AG set a $68.00 price objective on Motorola Solutions and gave the company a hold rating in a research note on Friday, August 5th. Credit Suisse Group AG reaffirmed a buy rating and issued a $80.00 price objective on shares of Motorola Solutions in a research note on Friday, August 5th. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $72.00 price objective on shares of Motorola Solutions in a research note on Friday, August 5th. Zacks Investment Research raised Motorola Solutions from a hold rating to a buy rating and set a $83.00 price objective for the company in a research note on Wednesday, August 10th. Finally, BMO Capital Markets reaffirmed a market perform rating and issued a $72.00 price objective on shares of Motorola Solutions in a research note on Thursday, August 18th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Motorola Solutions has a consensus rating of Hold and an average target price of $74.93.
In other news, Chairman Gregory Q. Brown sold 117,000 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $77.11, for a total value of $9,021,870.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bruce W. Brda sold 10,416 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $77.99, for a total value of $812,343.84. Following the completion of the sale, the executive vice president now directly owns 25,703 shares of the company’s stock, valued at $2,004,576.97. The disclosure for this sale can be found here. Company insiders own 2.55% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Silvercrest Asset Management Group LLC increased its stake in Motorola Solutions by 0.3% in the second quarter. Silvercrest Asset Management Group LLC now owns 6,303 shares of the company’s stock valued at $416,000 after buying an additional 20 shares during the last quarter. Pacer Advisors Inc. increased its stake in Motorola Solutions by 4.0% in the second quarter. Pacer Advisors Inc. now owns 3,149 shares of the company’s stock valued at $208,000 after buying an additional 122 shares during the last quarter. Advantus Capital Management Inc increased its stake in Motorola Solutions by 0.9% in the second quarter. Advantus Capital Management Inc now owns 15,516 shares of the company’s stock valued at $1,024,000 after buying an additional 145 shares during the last quarter. Bank of Nova Scotia increased its stake in Motorola Solutions by 5.3% in the second quarter. Bank of Nova Scotia now owns 3,171 shares of the company’s stock valued at $209,000 after buying an additional 160 shares during the last quarter. Finally, Partners Capital Investment Group LLC increased its stake in Motorola Solutions by 12.0% in the second quarter. Partners Capital Investment Group LLC now owns 2,020 shares of the company’s stock valued at $133,000 after buying an additional 217 shares during the last quarter. 85.21% of the stock is owned by institutional investors and hedge funds.
Motorola Solutions Company Profile
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