Motorola Solutions (MSI) Updates Q4 Earnings Guidance
Motorola Solutions (MSI) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.98-1.03 for the period.
Shares of Motorola Solutions (MSI) traded up 3.64% during mid-day trading on Wednesday, hitting $51.58. Motorola Solutions (MSI) has a 52 week low of $43.36 and a 52 week high of $52.78. The company has a market cap of $14.768 billion and a P/E ratio of 24.44.
Motorola Solutions last announced its earnings results on Wednesday, October 24th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.11. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Motorola Solutions (MSI) will post $3.04 earnings per share for the current fiscal year.
MSI has been the subject of a number of recent research reports. Analysts at – FBR Capital Markets reiterated a market perform rating on shares of Motorola Solutions in a research note to investors on Monday. On a related note, analysts at Goldman Sachs initiated coverage on shares of Motorola Solutions in a research note to investors on Friday, September 21st. They set a buy rating on the stock. Finally, analysts at Credit Suisse reiterated an outperform rating on shares of Motorola Solutions in a research note to investors on Wednesday, September 19th.
Motorola Solutions, Inc. (Motorola Solutions) provides mission-critical communication infrastructure, devices, software and services.
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