$0.18 EPS Expected for Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) This Quarter

Wall Street analysts expect Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Rating) to report earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Telefonaktiebolaget LM Ericsson (publ)’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.21. Telefonaktiebolaget LM Ericsson (publ) reported earnings of $0.14 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.6%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Telefonaktiebolaget LM Ericsson (publ) will report full-year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.65 to $1.01. For the next fiscal year, analysts expect that the firm will report earnings of $0.86 per share, with EPS estimates ranging from $0.64 to $1.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Telefonaktiebolaget LM Ericsson (publ).

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Rating) last issued its quarterly earnings results on Thursday, April 14th. The communications equipment provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 9.47% and a return on equity of 23.65%. The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.88 billion.

ERIC has been the topic of a number of recent research reports. UBS Group raised Telefonaktiebolaget LM Ericsson (publ) from a “sell” rating to a “neutral” rating in a report on Wednesday, March 9th. JPMorgan Chase & Co. restated an “overweight” rating and issued a SEK 125 target price (up from SEK 123) on shares of Telefonaktiebolaget LM Ericsson (publ) in a research note on Wednesday, January 26th. Grupo Santander upgraded Telefonaktiebolaget LM Ericsson (publ) from an “underperform” rating to an “outperform” rating and set a SEK 106 target price on the stock in a research note on Friday, April 8th. Cowen decreased their target price on Telefonaktiebolaget LM Ericsson (publ) from $16.00 to $15.00 in a research note on Monday, April 18th. Finally, Citigroup lowered Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “neutral” rating in a research note on Monday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) presently has a consensus rating of “Hold” and an average price target of $76.31.

Shares of ERIC opened at $7.77 on Friday. The stock’s 50-day simple moving average is $8.61 and its 200 day simple moving average is $9.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 1.17. Telefonaktiebolaget LM Ericsson has a 52-week low of $7.30 and a 52-week high of $13.66.

A number of institutional investors and hedge funds have recently bought and sold shares of ERIC. Dorsey & Whitney Trust CO LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 16.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 13,287 shares of the communications equipment provider’s stock worth $145,000 after buying an additional 1,880 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 7,083.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,516 shares of the communications equipment provider’s stock worth $174,000 after buying an additional 15,300 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 1st quarter worth approximately $238,000. Atlas Capital Advisors LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 19.1% in the 4th quarter. Atlas Capital Advisors LLC now owns 43,667 shares of the communications equipment provider’s stock worth $475,000 after buying an additional 7,008 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter worth approximately $505,000.

Telefonaktiebolaget LM Ericsson (publ) Company Profile (Get Rating)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software.

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