Motorola Solutions (NYSE:MSI) issued an update on its second quarter 2020
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of 1.18-1.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.18. The company issued revenue guidance of $1.544-1.6 billion, compared to the consensus revenue estimate of $1.57 billion.
Shares of MSI traded up $1.99 during mid-day trading on Tuesday, hitting $140.13. The company’s stock had a trading volume of 1,214,299 shares, compared to its average volume of 1,926,068. Motorola Solutions has a one year low of $120.77 and a one year high of $187.49. The firm has a market capitalization of $23.60 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The stock’s 50-day moving average is $139.12 and its two-hundred day moving average is $155.74.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, May 7th. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Motorola Solutions had a negative return on equity of 146.43% and a net margin of 11.60%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts expect that Motorola Solutions will post 6.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, June 12th. Motorola Solutions’s dividend payout ratio (DPR) is currently 34.41%.
A number of equities research analysts recently issued reports on the company. Cowen reaffirmed a buy rating and set a $225.00 price target on shares of Motorola Solutions in a research report on Friday, May 8th. Credit Suisse Group reaffirmed a buy rating and set a $163.00 price target on shares of Motorola Solutions in a research report on Monday, June 8th. MKM Partners lowered their price target on Motorola Solutions from $192.00 to $150.00 and set a neutral rating on the stock in a research report on Friday, May 8th. BMO Capital Markets began coverage on Motorola Solutions in a research report on Tuesday, April 14th. They set an outperform rating and a $37.00 price target on the stock. Finally, Barclays boosted their price target on Motorola Solutions from $157.00 to $178.00 and gave the stock an overweight rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $156.30.
Motorola Solutions Company Profile
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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