Motorola Solutions Inc. (MSI) Releases Q1 Earnings Guidance
Motorola Solutions Inc. (NYSE:MSI) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.46-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.77, AnalystRatingsNetwork.com reports.
Motorola Solutions Inc. (NYSE:MSI) traded down 3.77% on Wednesday, hitting $64.58. 1,505,431 shares of the company’s stock traded hands. Motorola Solutions Inc. has a 1-year low of $53.28 and a 1-year high of $67.67. The stock’s 50-day moving average is $66.00 and its 200-day moving average is $61.20. The company has a market cap of $16.708 billion and a P/E ratio of 16.98.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Wednesday, January 22nd. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.62 by $0.05. The company had revenue of $2.50 million for the quarter, compared to the consensus estimate of $2.49 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Motorola Solutions Inc. will post $4.70 earnings per share for the current fiscal year.
MSI has been the subject of a number of recent research reports. Analysts at Citigroup Inc. upgraded shares of Motorola Solutions from a neutral rating to a buy rating in a research note to investors on Tuesday. They now have a $75.00 price target on the stock, up previously from $65.00. On a related note, analysts at Jefferies Group raised their price target on shares of Motorola Solutions from $70.00 to $77.00 in a research note to investors on Friday, January 17th. Finally, analysts at Mizuho initiated coverage on shares of Motorola Solutions in a research note to investors on Tuesday, December 10th. They set a neutral rating and a $63.00 price target on the stock. Fifteen research analysts have rated the stock with a hold rating and two 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 $63.46.
Motorola Solutions, Inc (NYSE:MSI) provides mission-critical communication infrastructure, devices, software and services.
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