Motorola Solutions, Inc. (NYSE:MSI) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MSI to report 3Q20 income of $ 1.78 per share.
For the full year, analysts anticipate top line of $ 7350.53 million, while looking forward to income of $ 7.50 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.72 ~ $ 1.78 per share, while revenues are expected in a range of $ 1,815.00 million ~ $ 1,834.00 million
Full Year 2020 topline are forecasted in a range of$ 7,335.00 million ~ $ 7,335.00 million, where as bottomline are predicted in a range of $ 7.40 ~ $ 7.52 per share
Click Here For More Historical Outlooks Of Motorola Solutions, Inc.
Previous Quarter Performance
Motorola Solutions, Inc. communicated income for the second quarter of $ 1.39 per share, from the revenue of $ 1,618.00 million. The consensus estimates are income of $ 1.21 per share from $ 1570.00 million in revenue. The bottom line results beat street analysts by $ 0.18 or 14.88 percent, at the same time, top line results outshined analysts by $ 48.00 million or 3.06 percent.
Stock Performance
Shares of Motorola Solutions, Inc. traded low $ -7.87 or -4.57 percent on Wednesday, reaching $ 164.49 with volume of 1.10 million shares. Motorola Solutions, Inc. has traded high as $ 170.42 and has cracked $ 164.35 on the downward trend
According to the previous trading day, closing price of $ 164.49, representing a 42.72 % increase from the 52 week low of $ 120.77 and a 8.07 % decrease over the 52 week high of $ 187.49.
The company has a market capital of $ 27.93 billion and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 1st September 2020, initiated by Morgan Stanley at Overweight rating, with $ 28.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.64 per share on August 27, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Motorola Solutions, Inc. provides mission-critical communication solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software.
