Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) - Stock analysts at Zacks Research reduced their FY2026 earnings per share estimates for shares of Telefonaktiebolaget LM Ericsson (publ) in a report issued on Monday, November 18th. Zacks Research analyst R. Department now anticipates that the communications equipment provider will post earnings per share of $0.59 for the year, down from their prior estimate of $0.60. The consensus estimate for Telefonaktiebolaget LM Ericsson (publ)'s current full-year earnings is $0.44 per share.
A number of other brokerages also recently weighed in on ERIC. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a "neutral" rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.70.
Read Our Latest Analysis on Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ) Stock Down 3.9 %
Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.99 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.95. The firm's 50-day moving average is $7.94 and its two-hundred day moving average is $6.96. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.62. The stock has a market cap of $26.63 billion, a price-to-earnings ratio of -266.33 and a beta of 0.81.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last issued its earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%. The business had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.73 billion.
Hedge Funds Weigh In On Telefonaktiebolaget LM Ericsson (publ)
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ERIC. Advisors Asset Management Inc. raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.4% in the first quarter. Advisors Asset Management Inc. now owns 190,065 shares of the communications equipment provider's stock worth $1,047,000 after purchasing an additional 8,086 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 176.2% in the 2nd quarter. QRG Capital Management Inc. now owns 188,231 shares of the communications equipment provider's stock valued at $1,161,000 after acquiring an additional 120,072 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,260.7% in the second quarter. Gateway Investment Advisers LLC now owns 630,541 shares of the communications equipment provider's stock worth $3,890,000 after acquiring an additional 584,201 shares during the period. US Bancorp DE raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 415.6% during the third quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider's stock worth $1,374,000 after purchasing an additional 146,141 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the third quarter worth $1,545,000. Hedge funds and other institutional investors own 7.99% of the company's stock.
About Telefonaktiebolaget LM Ericsson (publ)
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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.
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