Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) announced its quarterly 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. The company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%.
Telefonaktiebolaget LM Ericsson (publ) Price Performance
Shares of Telefonaktiebolaget LM Ericsson (publ) stock remained flat at $8.17 during trading on Monday. The stock had a trading volume of 12,798,058 shares, compared to its average volume of 17,922,856. Telefonaktiebolaget LM Ericsson has a 52-week low of $5.00 and a 52-week high of $8.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. The firm's 50-day moving average price is $7.91 and its two-hundred day moving average price is $8.05. The firm has a market cap of $27.23 billion, a P/E ratio of -817,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92.
Telefonaktiebolaget LM Ericsson (publ) Increases Dividend
The business also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a $0.1315 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s payout ratio is presently 360.00%.
Analyst Upgrades and Downgrades
A number of equities research analysts have 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 report on Thursday. Kepler Capital Markets upgraded Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a "neutral" rating in a research report on Friday, April 11th.
Check Out Our Latest Stock Report on Telefonaktiebolaget LM Ericsson (publ)
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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