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

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

Telefonaktiebolaget LM Ericsson (publ) Trading Up 8.3 %

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

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were paid a $0.1315 dividend. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is -1,800,000.10%.

Analyst Upgrades and Downgrades

ERIC has been the subject of several research analyst reports. StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a “neutral” rating in a research 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.