Motorola Solutions Inc (MSI) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.41. The company posted revenue of $1193.00 million in the period, compared to analysts expectations of $1166.91 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on Motorola Solutions Inc. Motorola Solutions Inc was Downgraded by Northcoast to ” Neutral” on May 4, 2016. Company shares were Reiterated by MKM Partners on Feb 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 74 from a previous price target of $70 .Company shares were Reiterated by Argus on Feb 25, 2016 to “Buy”, Firm has raised the Price Target to $ 84 from a previous price target of $79 .
Motorola Solutions Inc closed down -0.74 points or -0.99% at $74.22 with 9,28,712 shares getting traded on Wednesday. Post opening the session at $74.22, the shares hit an intraday low of $73.74 and an intraday high of $74.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 4, 2016, Greg Mondre (director) purchased 50 shares at $63.90 per share price. According to the SEC, on Mar 16, 2016, Mark S. Hacker (EVP, GC & Chief Admin Officer) sold 4,894 shares at $71.32 per share price. On Nov 9, 2015, Bruce W Brda (EVP, Systems & Products) sold 10,657 shares at $67.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Motorola Solutions Inc. provides communication infrastructure devices accessories software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure devices accessories and software. The primary customers of the Products segment are Government public safety and first-responder agencies municipalities and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services Lifecycle Support services Managed services Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.