Motorola Solutions (MSI) Announces Quarterly Earnings, Beats Expectations By $0.05 EPS
Motorola Solutions (NYSE:MSI) released its earnings data on Wednesday. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05, Analyst Ratings Network.com reports. The company had revenue of $2.50 million for the quarter, compared to the consensus estimate of $2.49 million.
Motorola Solutions (NYSE:MSI) opened at 67.11 on Wednesday. Motorola Solutions has a one year low of $53.28 and a one year high of $67.67. The stock has a 50-day moving average of $66.00 and a 200-day moving average of $61.20. The company has a market cap of $17.362 billion and a price-to-earnings ratio of 16.73.
A number of research firms have recently commented on MSI. 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Motorola Solutions 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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