The Q2 2017 Earnings Estimate for Motorola Solutions, Inc. (MSI) Issued By Northcoast Research

The Q2 2017 Earnings Estimate for Motorola Solutions, Inc. (MSI) Issued By Northcoast Research

Motorola Solutions, Inc. (NYSE:MSI) – Analysts at Northcoast Research increased their Q2 2017 EPS estimates for shares of Motorola Solutions in a report released on Tuesday. Northcoast Research analyst K. Housum now expects that the firm will post earnings of $1.00 per share for the quarter, up from their prior estimate of $0.97. Northcoast Research also issued estimates for Motorola Solutions’ Q3 2017 earnings at $1.34 EPS, Q4 2017 earnings at $1.91 EPS and FY2017 earnings at $4.78 EPS.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut Motorola Solutions from a “buy” rating to a “sell” rating in a research note on Wednesday, January 4th. Credit Suisse Group restated a “buy” rating and issued a $80.00 price target on shares of Motorola Solutions in a research note on Friday, November 4th. Finally, BMO Capital Markets upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $72.00 to $84.00 in a research note on Wednesday, October 12th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $76.00.

Shares of Motorola Solutions (NYSE:MSI) traded up 0.57% during trading on Wednesday, hitting $81.19. The stock had a trading volume of 268,286 shares. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 23.96 and a beta of 0.44. The firm has a 50 day moving average price of $82.59 and a 200-day moving average price of $76.29. Motorola Solutions has a 52 week low of $59.13 and a 52 week high of $87.55.

Hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its position in Motorola Solutions by 4.9% in the second quarter. Nordea Investment Management AB now owns 5,261 shares of the company’s stock worth $347,000 after buying an additional 248 shares during the period. Bank of Montreal Can acquired a new position in Motorola Solutions during the second quarter worth $28,861,000. Pitcairn Co. raised its position in Motorola Solutions by 15.7% in the second quarter. Pitcairn Co. now owns 15,305 shares of the company’s stock worth $1,010,000 after buying an additional 2,080 shares during the period. Strs Ohio raised its position in Motorola Solutions by 78.9% in the second quarter. Strs Ohio now owns 22,499 shares of the company’s stock worth $1,484,000 after buying an additional 9,920 shares during the period. Finally, Conning Inc. raised its position in Motorola Solutions by 1.1% in the second quarter. Conning Inc. now owns 6,359 shares of the company’s stock worth $420,000 after buying an additional 70 shares during the period. 83.89% of the stock is owned by institutional investors and hedge funds.

In other Motorola Solutions news, Chairman Gregory Q. Brown sold 95,235 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $82.40, for a total transaction of $7,847,364.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.55% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Thursday, December 15th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.33%. The ex-dividend date was Tuesday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.41. Motorola Solutions’s payout ratio is currently 55.13%.

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. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.

Related posts

Leave a Comment