Motorola Solutions Inc (MSI) Releases Q1 Earnings Guidance
Motorola Solutions Inc (NYSE:MSI) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.50 for the period, compared to the Thomson Reuters consensus estimate of $0.52, AmericanBankingNews.com reports. The company issued revenue guidance of $1.8 billion, compared to the consensus revenue estimate of $1.88 billion.
Motorola Solutions Inc (NYSE:MSI) opened at 63.78 on Tuesday. Motorola Solutions Inc has a 52-week low of $53.28 and a 52-week high of $67.69. The stock’s 50-day moving average is $65.29 and its 200-day moving average is $64.45. The company has a market cap of $16.192 billion and a price-to-earnings ratio of 15.61.
Motorola Solutions (NYSE:MSI) last released its earnings data on Wednesday, January 22nd. The company reported $1.67 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Motorola Solutions Inc will post $3.99 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MSI shares. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Motorola Solutions in a research note on Friday, March 14th. They set a neutral rating and a $64.00 price target on the stock. On a related note, analysts at Goldman Sachs downgraded shares of Motorola Solutions from a neutral rating to a sell rating in a research note on Wednesday, March 12th. Finally, analysts at Zacks reiterated a neutral rating on shares of Motorola Solutions in a research note on Friday, February 21st. They now have a $68.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Motorola Solutions has a consensus rating of Hold and an average price target of $66.73.
Motorola Solutions, Inc (NYSE:MSI) provides communication infrastructure, devices, software and services.
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