Q3 2018 EPS Estimates for Motorola Solutions Lifted by Analyst (MSI)

Motorola Solutions (NYSE:MSI) – Research analysts at Northcoast Research upped their Q3 2018 earnings per share (EPS) estimates for Motorola Solutions in a note issued to investors on Wednesday, April 11th. Northcoast Research analyst K. Housum now expects that the communications equipment provider will earn $1.79 per share for the quarter, up from their prior estimate of $1.78. Northcoast Research currently has a “Buy” rating and a $120.00 price target on the stock. Northcoast Research also issued estimates for Motorola Solutions’ Q4 2018 earnings at $2.56 EPS and FY2018 earnings at $6.41 EPS.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.06. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. Motorola Solutions had a negative return on equity of 75.81% and a negative net margin of 2.43%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.03 EPS.



A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised Motorola Solutions from a “sell” rating to a “hold” rating in a report on Thursday. BTIG Research began coverage on Motorola Solutions in a report on Friday, March 16th. They set a “buy” rating and a $137.00 price objective on the stock. Citigroup increased their price objective on Motorola Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 9th. Jefferies Group reissued a “buy” rating on shares of Motorola Solutions in a report on Thursday, March 1st. Finally, ValuEngine raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $114.58.

MSI stock opened at $108.33 on Thursday. The firm has a market cap of $17,348.62, a PE ratio of 20.83, a PEG ratio of 2.13 and a beta of 0.32. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of -2.56. Motorola Solutions has a fifty-two week low of $79.63 and a fifty-two week high of $110.29.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.92%. Motorola Solutions’s payout ratio is currently 40.00%.

In other Motorola Solutions news, CAO John K. Wozniak sold 45,577 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $104.90, for a total value of $4,781,027.30. Following the sale, the chief accounting officer now owns 20,099 shares of the company’s stock, valued at approximately $2,108,385.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory Q. Brown sold 185,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $109.08, for a total value of $20,179,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 417,577 shares of company stock worth $45,285,857. Insiders own 2.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. NuWave Investment Management LLC purchased a new stake in shares of Motorola Solutions in the 4th quarter valued at about $168,000. Tower Research Capital LLC TRC purchased a new stake in shares of Motorola Solutions in the 4th quarter valued at about $188,000. Meeder Asset Management Inc. raised its holdings in shares of Motorola Solutions by 67.4% in the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the communications equipment provider’s stock valued at $196,000 after acquiring an additional 874 shares in the last quarter. MAI Capital Management purchased a new stake in shares of Motorola Solutions in the 4th quarter valued at about $202,000. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Motorola Solutions in the 4th quarter valued at about $206,000. 87.93% of the stock is currently owned by hedge funds and other institutional investors.

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About Motorola Solutions

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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