Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Releases Earnings Results, Beats Expectations By $0.03 EPS

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) posted its quarterly earnings data on Tuesday. The communications equipment provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03, Zacks reports. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ:ERIC opened at $8.07 on Wednesday. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.82 and a 1-year high of $8.90. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The stock has a market cap of $26.89 billion, a PE ratio of -807,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92. The stock’s fifty day simple moving average is $7.88 and its two-hundred day simple moving average is $8.03.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were issued a dividend of $0.1315 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio is -1,800,000.10%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ERIC shares. JPMorgan Chase & Co. increased their price target on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a “neutral” rating in a report on Friday, April 11th. StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Company Profile

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.