Motorola Solutions, Inc. (NYSE:MSI) – Investment analysts at Gabelli upped their FY2018 earnings per share estimates for Motorola Solutions in a research report issued on Monday. Gabelli analyst H. Susanto now expects that the communications equipment provider will post earnings of $5.13 per share for the year, up from their previous estimate of $5.02. Gabelli has a “Buy” rating on the stock.
Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “FY2018 EPS Estimates for Motorola Solutions, Inc. Lifted by Gabelli (MSI)” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/12/fy2018-eps-estimates-for-motorola-solutions-inc-lifted-by-gabelli-msi.html.
MSI has been the subject of several other reports. BMO Capital Markets boosted their price objective on Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. BidaskClub upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research lowered Motorola Solutions from a “buy” rating to a “sell” rating in a research note on Tuesday, August 1st. Cowen and Company cut their price objective on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, May 5th. Finally, Credit Suisse Group boosted their price objective on Motorola Solutions from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and an average price target of $94.33.
Shares of Motorola Solutions (NYSE MSI) traded up 0.56% during trading on Thursday, reaching $87.48. The company had a trading volume of 806,014 shares. The company has a market capitalization of $14.23 billion, a PE ratio of 23.07 and a beta of 0.32. Motorola Solutions has a 52 week low of $71.24 and a 52 week high of $93.75. The stock’s 50-day moving average price is $88.93 and its 200-day moving average price is $84.60.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, June 13th. Motorola Solutions’s dividend payout ratio is currently 49.60%.
In related news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the transaction, the executive vice president now directly owns 22,858 shares in the company, valued at $2,037,333.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the transaction, the executive vice president now owns 23,829 shares in the company, valued at $2,123,402.19. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board boosted its position in Motorola Solutions by 13.3% in the second quarter. Ontario Teachers Pension Plan Board now owns 105,156 shares of the communications equipment provider’s stock worth $9,121,000 after buying an additional 12,320 shares in the last quarter. OxFORD Asset Management LLP boosted its position in Motorola Solutions by 74.4% in the second quarter. OxFORD Asset Management LLP now owns 81,218 shares of the communications equipment provider’s stock worth $7,045,000 after buying an additional 34,659 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Motorola Solutions by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 400,845 shares of the communications equipment provider’s stock worth $34,770,000 after buying an additional 3,222 shares in the last quarter. TLP Group LLC acquired a new position in Motorola Solutions during the second quarter worth approximately $258,000. Finally, Parametric Portfolio Associates LLC boosted its position in Motorola Solutions by 48.8% in the second quarter. Parametric Portfolio Associates LLC now owns 738,975 shares of the communications equipment provider’s stock worth $64,099,000 after buying an additional 242,334 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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