Motorola Solutions (MSI) Announces Quarterly Earnings, Beats Expectations By $0.14 EPS
Motorola Solutions (NYSE:MSI) announced its earnings results on Wednesday. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.14, American Banking News reports. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.13 billion.
Motorola Solutions (NYSE:MSI) opened at 60.43 on Wednesday. Motorola Solutions has a 52 week low of $49.49 and a 52 week high of $64.72. The stock has a 50-day moving average of $56.45 and a 200-day moving average of $58.69. The company has a market cap of $16.066 billion and a price-to-earnings ratio of 17.20.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, December 11th.
MSI has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Motorola Solutions in a research note to investors on Thursday, September 12th. They now have a $57.00 price target on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Motorola Solutions in a research note to investors on Thursday, August 22nd. They now have a $59.00 price target on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 5th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Motorola Solutions presently has a consensus rating of “Hold” and a consensus price target of $58.64.
Motorola Solutions, Inc (NYSE:MSI) provides mission-critical communication infrastructure, devices, software and services.
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