Motorola Solutions (NYSE:MSI) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.34-$1.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.34. The company issued revenue guidance of $1.72 billion, compared to the consensus revenue estimate of $1.68 billion.Motorola Solutions also updated its FY18 guidance to $6.70-$6.85 EPS.
A number of research firms have weighed in on MSI. Credit Suisse Group began coverage on shares of Motorola Solutions in a report on Wednesday, May 9th. They set an outperform rating and a $129.00 price objective on the stock. ValuEngine raised shares of Motorola Solutions from a hold rating to a buy rating in a report on Thursday, March 1st. Jefferies Group reiterated a buy rating on shares of Motorola Solutions in a research report on Thursday, March 1st. MKM Partners lifted their price objective on shares of Motorola Solutions to $116.00 and gave the company a neutral rating in a research report on Monday, February 5th. Finally, Citigroup lifted their price objective on shares of Motorola Solutions from $104.00 to $112.00 and gave the company a buy rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $119.25.
Shares of Motorola Solutions traded up $0.50, hitting $106.75, during trading on Friday, according to MarketBeat. 8,653 shares of the company were exchanged, compared to its average volume of 1,228,229. The firm has a market capitalization of $17.40 billion, a P/E ratio of 20.52, a PEG ratio of 2.07 and a beta of 0.34. Motorola Solutions has a 1 year low of $107.53 and a 1 year high of $108.32. The company has a debt-to-equity ratio of -3.45, a quick ratio of 1.03 and a current ratio of 1.17.
In other Motorola Solutions news, Chairman Gregory Q. Brown sold 187,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $108.69, for a total transaction of $20,325,030.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.
Motorola Solutions Company Profile
Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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