Zacks: Brokerages Expect Motorola Solutions Inc (NYSE:MSI) to Announce $2.79 Earnings Per Share

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Equities research analysts expect Motorola Solutions Inc (NYSE:MSI) to announce earnings per share (EPS) of $2.79 for the current quarter, Zacks reports. Five analysts have provided estimates for Motorola Solutions’ earnings, with estimates ranging from $2.77 to $2.81. Motorola Solutions reported earnings of $2.63 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.1%. The business is scheduled to announce its next earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Motorola Solutions will report full year earnings of $7.80 per share for the current financial year, with EPS estimates ranging from $7.78 to $7.83. For the next financial year, analysts forecast that the business will report earnings of $8.54 per share, with EPS estimates ranging from $8.28 to $8.76. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Motorola Solutions.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Wednesday, October 30th. The communications equipment provider reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.09. Motorola Solutions had a negative return on equity of 114.01% and a net margin of 13.50%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm posted $1.94 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis.

MSI has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $150.00 to $151.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Zacks Investment Research upgraded Motorola Solutions from a “sell” rating to a “hold” rating and set a $171.00 price objective on the stock in a research report on Tuesday, November 19th. Credit Suisse Group reiterated a “buy” rating and set a $189.00 price objective on shares of Motorola Solutions in a research report on Tuesday, September 10th. ValuEngine cut Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Gabelli upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Motorola Solutions has an average rating of “Buy” and a consensus target price of $180.96.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of Motorola Solutions by 2.8% in the second quarter. BlackRock Inc. now owns 18,559,331 shares of the communications equipment provider’s stock worth $3,094,399,000 after purchasing an additional 502,772 shares during the period. Vanguard Group Inc. increased its position in shares of Motorola Solutions by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,335,326 shares of the communications equipment provider’s stock worth $3,057,049,000 after purchasing an additional 371,731 shares during the period. State Street Corp increased its position in shares of Motorola Solutions by 1.7% in the third quarter. State Street Corp now owns 7,671,732 shares of the communications equipment provider’s stock worth $1,311,584,000 after purchasing an additional 125,120 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Motorola Solutions by 29.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 6,015,325 shares of the communications equipment provider’s stock worth $1,002,935,000 after purchasing an additional 1,367,124 shares during the period. Finally, Invesco Ltd. increased its position in shares of Motorola Solutions by 233.8% in the second quarter. Invesco Ltd. now owns 5,470,553 shares of the communications equipment provider’s stock worth $912,106,000 after purchasing an additional 3,831,921 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Shares of Motorola Solutions stock opened at $160.50 on Monday. The business has a fifty day simple moving average of $163.77 and a two-hundred day simple moving average of $167.56. Motorola Solutions has a 1 year low of $108.25 and a 1 year high of $182.28. The company has a market capitalization of $27.72 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 2.62 and a beta of 0.57.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a dividend of $0.64 per share. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, December 12th. This represents a $2.56 annualized dividend and a yield of 1.60%. Motorola Solutions’s dividend payout ratio (DPR) is presently 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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