Motorola Solutions (NYSE:MSI) announced its earnings results on Wednesday. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.08, StockRatingsNetwork.com reports. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Motorola Solutions updated its Q3 guidance to $0.97-1.02 EPS.
A number of research firms have recently commented on MSI. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Motorola Solutions in a research note to investors on Thursday, July 18th. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of Motorola Solutions in a research note to investors on Tuesday, June 18th. They now have a $48.00 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Motorola Solutions from $57.00 to $58.00 in a research note to investors on Wednesday, May 22nd. They now have a “neutral” rating on the stock.
Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Motorola Solutions currently has an average rating of “Hold” and an average target price of $60.00.
Shares of Motorola Solutions (NYSE: MSI) traded down 2.48% during mid-day trading on Thursday, hitting $54.65. Motorola Solutions has a 52 week low of $45.61 and a 52 week high of $64.72. The stock’s 50-day moving average is currently $57.65. The company has a market cap of $14.846 billion and a P/E ratio of 17.66.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.21%.
Motorola Solutions, Inc (NYSE: MSI) provides mission-critical communication infrastructure, devices, software and services.
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