Motorola Solutions (NYSE:MSI) Issues Earnings Results, Beats Estimates By $0.12 EPS

Motorola Solutions (NYSE:MSIGet Rating) released its quarterly earnings data on Thursday. The communications equipment provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12, MarketWatch Earnings reports. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Motorola Solutions had a net margin of 15.24% and a negative return on equity of 542.03%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.74 EPS.

MSI opened at $215.29 on Friday. Motorola Solutions has a twelve month low of $196.09 and a twelve month high of $273.65. The company has a fifty day moving average of $226.15 and a 200-day moving average of $238.67. The stock has a market cap of $36.05 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Tuesday, March 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, March 14th. Motorola Solutions’s dividend payout ratio (DPR) is presently 43.35%.

MSI has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Motorola Solutions from $260.00 to $275.00 in a research report on Thursday, February 10th. Morgan Stanley decreased their price target on shares of Motorola Solutions from $265.00 to $250.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 25th. Credit Suisse Group decreased their price target on shares of Motorola Solutions from $306.00 to $288.00 and set an “outperform” rating for the company in a research report on Thursday, February 10th. StockNews.com cut shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Barclays upped their price target on shares of Motorola Solutions from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, February 10th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $275.55.

In related news, CEO Gregory Q. Brown sold 100,000 shares of the stock in a transaction on Monday, March 7th. The shares were sold at an average price of $218.02, for a total transaction of $21,802,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gregory Q. Brown sold 81,731 shares of the stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $221.92, for a total transaction of $18,137,743.52. The disclosure for this sale can be found here. Corporate insiders own 1.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its stake in shares of Motorola Solutions by 17.2% in the second quarter. Morgan Stanley now owns 383,655 shares of the communications equipment provider’s stock valued at $83,197,000 after buying an additional 56,265 shares in the last quarter. Heritage Wealth Advisors lifted its stake in shares of Motorola Solutions by 534.2% in the fourth quarter. Heritage Wealth Advisors now owns 1,021 shares of the communications equipment provider’s stock valued at $277,000 after buying an additional 860 shares in the last quarter. Barclays PLC lifted its stake in shares of Motorola Solutions by 21.4% in the fourth quarter. Barclays PLC now owns 330,913 shares of the communications equipment provider’s stock valued at $89,908,000 after buying an additional 58,443 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Motorola Solutions by 6.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 1,288 shares of the communications equipment provider’s stock valued at $350,000 after buying an additional 82 shares in the last quarter. Finally, Boston Private Wealth LLC lifted its stake in shares of Motorola Solutions by 24.1% in the fourth quarter. Boston Private Wealth LLC now owns 2,000 shares of the communications equipment provider’s stock valued at $544,000 after buying an additional 389 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions Company Profile (Get Rating)

Motorola Solutions, Inc provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

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Earnings History for Motorola Solutions (NYSE:MSI)

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