The Zacks: Analysts Expect Motorola Solutions Inc (MSI) Will Post Quarterly Sales of $1.46 Billion

The Zacks: Analysts Expect Motorola Solutions Inc (MSI) Will Post Quarterly Sales of $1.46 Billion

According to Zacks, analysts expect that Motorola Solutions will report full-year sales of $1.46 billion for the current year, with estimates ranging from $6.15 billion to $6.18 billion. For the next financial year, analysts anticipate that the firm will report sales of $6.27 billion per share, with estimates ranging from $6.10 billion to $6.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Motorola Solutions.

Wall Street brokerages forecast that Motorola Solutions Inc (NYSE:MSI) will post $1.46 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Motorola Solutions’ earnings. The lowest sales estimate is $1.46 billion and the highest is $1.47 billion. Motorola Solutions posted sales of $1.43 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The firm is scheduled to issue its next earnings results on Thursday, August 3rd.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 4th. The communications equipment provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.14. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Motorola Solutions had a negative return on equity of 134.65% and a net margin of 9.26%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. A number of analysts have weighed in on the company. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Tuesday, May 30th. Raymond James Financial, Inc. upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $62.76 to $95.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Credit Suisse Group AG upped their target price on Motorola Solutions from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Cowen and Company lowered their target price on Motorola Solutions from $77.00 to $75.00 and set a “market perform” rating for the company in a report on Monday, May 15th. Finally, Gabelli upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $90.15.

Motorola Solutions (NYSE:MSI) traded up 1.14% on Thursday, hitting $86.62. The stock had a trading volume of 1,319,174 shares. The stock’s 50-day moving average is $84.08 and its 200 day moving average is $82.51. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 23.95 and a beta of 0.45. Motorola Solutions has a 1-year low of $62.76 and a 1-year high of $87.69. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.17%. Motorola Solutions’s dividend payout ratio is presently 57.49%.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MSI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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