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

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) issued its earnings results on Tuesday. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03, Zacks reports. Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. The business had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $55.83 billion.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 2.9 %

ERIC traded up $0.23 during trading on Friday, reaching $8.17. 26,277,917 shares of the stock traded hands, compared to its average volume of 17,945,795. The stock's 50-day moving average is $7.91 and its 200 day moving average is $8.04. Telefonaktiebolaget LM Ericsson has a 12 month low of $5.00 and a 12 month high of $8.90. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $27.23 billion, a PE ratio of -817,000.00, a P/E/G ratio of 3.89 and a beta of 0.92.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were paid a dividend of $0.1315 per share. The ex-dividend date 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 (DPR) is currently -1,800,000.10%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ERIC shares. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Kepler Capital Markets upgraded Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price 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.

About Telefonaktiebolaget LM Ericsson (publ)

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.