Telefonaktiebolaget LM Ericsson (publ) (ERIC) Scheduled to Post Quarterly Earnings on Friday

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Free Report) is set to release its earnings data before the market opens on Friday, July 12th. Analysts expect Telefonaktiebolaget LM Ericsson (publ) to post earnings of $0.05 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The communications equipment provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 11.93% and a negative net margin of 9.75%. The company had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.33 billion. On average, analysts expect Telefonaktiebolaget LM Ericsson (publ) to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ:ERIC opened at $6.44 on Thursday. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.33 and a fifty-two week high of $6.44. The business has a 50-day moving average of $5.91 and a two-hundred day moving average of $5.68. The stock has a market capitalization of $21.46 billion, a P/E ratio of -9.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.22 and a quick ratio of 0.94.

Wall Street Analyst Weigh In

ERIC has been the subject of a number of analyst reports. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. cut their price objective on Telefonaktiebolaget LM Ericsson (publ) from $5.81 to $5.58 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Telefonaktiebolaget LM Ericsson (publ) currently has an average rating of “Hold” and a consensus price target of $5.58.

Read Our Latest Stock Analysis on ERIC

Telefonaktiebolaget LM Ericsson (publ) Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

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