Motorola Solutions (NYSE:MSI) is set to post its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect Motorola Solutions to post earnings of $1.65 per share for the quarter.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, August 2nd. The communications equipment provider reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.09. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Motorola Solutions had a negative return on equity of 70.84% and a negative net margin of 0.97%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 EPS. On average, analysts expect Motorola Solutions to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Motorola Solutions stock opened at $119.24 on Wednesday. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.86 and a beta of 0.41. Motorola Solutions has a fifty-two week low of $89.18 and a fifty-two week high of $131.48.
In other news, Chairman Gregory Q. Brown sold 204,953 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $126.47, for a total value of $25,920,405.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gino A. Bonanotte sold 23,201 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $125.97, for a total value of $2,922,629.97. Following the completion of the sale, the chief financial officer now directly owns 41,019 shares in the company, valued at $5,167,163.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 649,479 shares of company stock worth $82,082,428. Insiders own 2.20% of the company’s stock.
Several analysts have weighed in on the company. Credit Suisse Group set a $129.00 price objective on Motorola Solutions and gave the company a “buy” rating in a research report on Tuesday, July 17th. Zacks Investment Research raised Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Tuesday, July 24th. Argus boosted their price target on Motorola Solutions to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Northcoast Research set a $128.00 price target on Motorola Solutions and gave the stock a “buy” rating in a research report on Monday, August 6th. Finally, Cowen raised Motorola Solutions from a “market perform” rating to an “outperform” rating and set a $138.00 price target on the stock in a research report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $131.85.
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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