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.
Several equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on Motorola Solutions from $155.00 to $160.00 and gave the company a buy rating in a research note on Friday, June 12th. Barclays boosted their target price on Motorola Solutions from $157.00 to $178.00 and gave the company an overweight rating in a research note on Monday, June 8th. JPMorgan Chase & Co. cut Motorola Solutions from a neutral rating to an underweight rating and cut their target price for the stock from $168.00 to $130.00 in a research note on Friday, May 8th. Northcoast Research raised shares of Motorola Solutions from a neutral rating to a buy rating in a research report on Thursday, March 26th. Finally, BMO Capital Markets initiated coverage on shares of Motorola Solutions in a research note on Tuesday, April 14th. They set an outperform rating and a $37.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Motorola Solutions currently has a consensus rating of Buy and a consensus target price of $156.30.
MSI traded up $1.99 during midday trading on Tuesday, reaching $140.13. The company had a trading volume of 1,214,299 shares, compared to its average volume of 1,926,068. The business has a 50-day moving average of $139.12 and a two-hundred day moving average of $155.74. Motorola Solutions has a 1 year low of $120.77 and a 1 year high of $187.49. The company has a market cap of $23.60 billion, a P/E ratio of 26.57, a P/E/G ratio of 2.38 and a beta of 0.66.
Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, May 7th. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.21. Motorola Solutions had a net margin of 11.60% and a negative return on equity of 146.43%. The company 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 firm posted $1.28 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts forecast that Motorola Solutions will post 6.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.56 annualized dividend and a dividend yield of 1.83%. Motorola Solutions’s payout ratio is 34.41%.
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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