Motorola Solutions Inc (NYSE:MSI), based in Schaumburg, Illinois, boosted its quarterly dividend and reported that it would repurchase more $2 billion of shares after announcing a 15% boost in profit during second-quarter.
Motorola Solutions, the electronics-equipment corporation that manufactures everything from walkie- talkies to scanning gadgets, reported in a statement on Wednesday that net income before stock reward and amortization moved up to $350 million from $304 million in previous year. The company reported that sales moved up 8.3% to $2.15 billion and its quarterly dividend will climb by 18% to 26 cents per share.
Motorola Solutions, made from the legacy unit of Motorola Inc after its mobile-phone unit was spun off in January 2011, is getting additional technology business from local government agencies and corporations.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Cisco Systems, Inc (NASDAQ:CSCO) rose +1.98% to settle at $15.42, CalAmp Corp (NASDAQ:CAMP) moved down -1.88% to end at $7.29 while Harris Corporation (NYSE:HRS) jumped +0.98% to finish on Wednesday at $40.34.
Motorola Solutions Inc (NYSE:MSI) last session volume of 4.10 million shares was higher than its average volume of 2.10 million shares. The stock after opening at $45.50 hit high price of $48.51 and then closed at $47.81 by scoring +5.56%.
MSI generated revenue of 8.33 billion in the following twelve months and earned $539.00 million. The Company showed a positive 6.47% in the net profit margin and as well as in its operating margin which remained 11.08%. Company’s annual sales growth for the past five year was -28.15%.
The MSI past twelve months price to sales ratio was 1.68 and price to cash ratio remained 3.77. As far as the returns are concern, the MSI return on equity was recorded as 10.37% and increased 5.29% return on investment while its return on asset stayed at 3.72%.
The stock showed weekly upbeat performance of+2.46% which was maintained for the month at +2.31%. Likewise the negative performance for the quarter was recorded as -6.40% and for the year was +6.77% while the YTD performance remained at +4.21%.
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