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Motorola Solutions (NYSE:MSI) Updates Q2 Earnings Guidance

Posted on Tuesday, June 30th, 2020 by MarketBeat

Motorola Solutions (NYSE:MSI) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.18-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.19. The company issued revenue guidance of $1.543-1.60 billion, compared to the consensus revenue estimate of $1.57 billion.Motorola Solutions also updated its Q2 2020 After-Hours guidance to 1.18-1.27 EPS.

Shares of NYSE MSI traded down $0.64 during trading hours on Tuesday, hitting $138.14. The stock had a trading volume of 819,100 shares, compared to its average volume of 1,492,762. The firm's 50-day moving average price is $139.26 and its two-hundred day moving average price is $155.63. Motorola Solutions has a 52 week low of $120.77 and a 52 week high of $187.49. The company has a market capitalization 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 posted its earnings results on Thursday, May 7th. The communications equipment provider reported $1.49 earnings per share for the quarter, topping the Thomson Reuters' 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 previous year, the company earned $1.28 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts anticipate 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. Investors of record on Monday, June 15th will be issued a $0.64 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.56 annualized dividend and a yield of 1.85%. Motorola Solutions's dividend payout ratio (DPR) is currently 34.41%.

Several equities research analysts recently weighed in on MSI shares. Citigroup reduced their target price on Motorola Solutions from $175.00 to $160.00 and set a buy rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. lowered Motorola Solutions from a neutral rating to an underweight rating and cut their price target for the stock from $168.00 to $130.00 in a report on Friday, May 8th. Credit Suisse Group reiterated a buy rating and set a $163.00 price target on shares of Motorola Solutions in a report on Monday, June 8th. MKM Partners cut their price target on Motorola Solutions from $192.00 to $150.00 and set a neutral rating for the company in a report on Friday, May 8th. Finally, Raymond James cut their price target on Motorola Solutions from $180.00 to $175.00 and set an outperform rating for the company in a report on Friday, May 8th. 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 company's stock. The stock currently has a consensus rating of Buy and a consensus target price of $156.30.

About Motorola Solutions

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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Earnings History and Estimates for Motorola Solutions (NYSE:MSI)

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