Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) issued its quarterly earnings data on Tuesday. The communications equipment provider reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03, Zacks reports. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%.
Telefonaktiebolaget LM Ericsson (publ) Stock Up 2.9 %
Shares of ERIC traded up $0.23 during midday trading on Friday, reaching $8.17. 26,277,917 shares of the stock were exchanged, compared to its average volume of 17,945,795. Telefonaktiebolaget LM Ericsson has a 52 week low of $5.00 and a 52 week 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 company has a market capitalization of $27.23 billion, a P/E ratio of -817,000.00, a PEG ratio of 3.89 and a beta of 0.92. The company's 50 day moving average is $7.91 and its two-hundred day moving average is $8.04.
Telefonaktiebolaget LM Ericsson (publ) Increases Dividend
The business also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.1315 per share. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)'s payout ratio is currently -1,800,000.10%.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a "neutral" rating in a research note on Friday, April 11th. StockNews.com upgraded Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Finally, Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research report on Wednesday.
Get Our Latest Stock Analysis on ERIC
About Telefonaktiebolaget LM Ericsson (publ)
(
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.
See Also
Before you consider Telefonaktiebolaget LM Ericsson (publ), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Telefonaktiebolaget LM Ericsson (publ) wasn't on the list.
While Telefonaktiebolaget LM Ericsson (publ) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
