Motorola Solutions Inc. (NYSE:MSI) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.63-4.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.39, Analyst Ratings Network reports. The company issued revenue guidance of approx $8.68 billion, compared to the consensus revenue estimate of $8.70 billion.
MSI has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a neutral rating on shares of Motorola Solutions in a research note to investors on Thursday, September 12th. They now have a $57.00 price target on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Motorola Solutions in a research note to investors on Thursday, August 22nd. They now have a $59.00 price target on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of Motorola Solutions from a buy rating to a hold rating in a research note to investors on Monday, August 5th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $58.64.
Shares of Motorola Solutions Inc. (NYSE:MSI) opened at 60.43 on Wednesday. Motorola Solutions Inc. has a 1-year low of $49.49 and a 1-year high of $64.72. The stock has a 50-day moving average of $56.45 and a 200-day moving average of $58.69. The company has a market cap of $16.066 billion and a price-to-earnings ratio of 17.20.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Wednesday, October 23rd. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.02 by $0.14. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company posted $0.84 earnings per share. Motorola Solutions’s revenue was down 1.9% compared to the same quarter last year. Analysts expect that Motorola Solutions Inc. will post $4.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, December 11th.
Motorola Solutions, Inc (NYSE:MSI) provides mission-critical communication infrastructure, devices, software and services.
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