FY2018 EPS Estimates for Motorola Solutions, Inc. Lifted by Gabelli (NYSE:MSI)
Motorola Solutions, Inc. (NYSE:MSI) – Analysts at Gabelli raised 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 earn $5.13 per share for the year, up from their prior forecast 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. Motorola Solutions’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. TRADEMARK VIOLATION NOTICE: “FY2018 EPS Estimates for Motorola Solutions, Inc. Lifted by Gabelli (NYSE:MSI)” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://theolympiareport.com/2017/08/12/fy2018-eps-estimates-for-motorola-solutions-inc-lifted-by-gabelli-nysemsi.html.
Several other research analysts have also weighed in on the stock. Raymond James Financial, Inc. upgraded shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $62.76 to $95.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Citigroup Inc. reiterated a “buy” rating and issued a $102.00 price objective (up previously from $93.00) on shares of Motorola Solutions in a research note on Friday, May 5th. Cowen and Company dropped their price objective on shares of Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday, May 15th. BMO Capital Markets reiterated a “buy” rating on shares of Motorola Solutions in a research note on Friday, June 23rd. Finally, Northcoast Research upgraded shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Tuesday, May 30th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $94.33.
Shares of Motorola Solutions (MSI) traded up 0.56% during trading on Thursday, hitting $87.48. 806,014 shares of the company’s stock were exchanged. The firm has a market capitalization of $14.23 billion, a PE ratio of 23.07 and a beta of 0.32. Motorola Solutions has a 1-year low of $71.24 and a 1-year high of $93.75. The stock’s 50 day moving average is $88.93 and its 200 day moving average is $84.60.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in Motorola Solutions by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the communications equipment provider’s stock valued at $104,000 after buying an additional 300 shares in the last quarter. Iat Reinsurance Co. LTD. purchased a new stake in Motorola Solutions during the first quarter valued at about $123,000. Mckinley Capital Management LLC Delaware purchased a new stake in Motorola Solutions during the first quarter valued at about $135,000. Exane Derivatives increased its stake in Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 1,001 shares in the last quarter. Finally, Smithfield Trust Co. increased its stake in Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after buying an additional 53 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.
In other news, EVP Eduardo F. Conrado sold 6,998 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the transaction, the executive vice president now owns 22,858 shares in the company, valued at approximately $2,037,333.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bruce W. Brda sold 25,299 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares in the company, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.15%. Motorola Solutions’s dividend payout ratio (DPR) is 49.60%.
About Motorola Solutions
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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