Zacks Research Issues Optimistic Outlook for ERIC Earnings

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) - Investment analysts at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for Telefonaktiebolaget LM Ericsson (publ) in a report issued on Friday, May 30th. Zacks Research analyst R. Department now anticipates that the communications equipment provider will earn $0.15 per share for the quarter, up from their prior forecast of $0.14. The consensus estimate for Telefonaktiebolaget LM Ericsson (publ)'s current full-year earnings is $0.48 per share. Zacks Research also issued estimates for Telefonaktiebolaget LM Ericsson (publ)'s FY2027 earnings at $0.66 EPS.

ERIC has been the topic of several other research reports. Wall Street Zen upgraded Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 17th. 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. upped their price objective on 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.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Telefonaktiebolaget LM Ericsson (publ) stock traded down $0.03 during mid-day trading on Monday, hitting $8.51. The company had a trading volume of 26,899,753 shares, compared to its average volume of 19,354,991. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a 12-month low of $5.76 and a 12-month high of $9.00. The company's fifty day moving average is $8.10 and its 200-day moving average is $8.11. The company has a market capitalization of $28.36 billion, a price-to-earnings ratio of -851,000.00, a P/E/G ratio of 3.89 and a beta of 0.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The communications equipment provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. 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 for the quarter, compared to analyst estimates of $55.83 billion.

Hedge Funds Weigh In On Telefonaktiebolaget LM Ericsson (publ)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 275.3% during the fourth quarter. Global Retirement Partners LLC now owns 48,892 shares of the communications equipment provider's stock valued at $394,000 after purchasing an additional 35,863 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 55.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,795,967 shares of the communications equipment provider's stock valued at $14,475,000 after purchasing an additional 638,393 shares in the last quarter. Atria Investments Inc lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 370.6% during the fourth quarter. Atria Investments Inc now owns 50,651 shares of the communications equipment provider's stock valued at $408,000 after purchasing an additional 39,889 shares in the last quarter. Northern Trust Corp lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 41.4% during the fourth quarter. Northern Trust Corp now owns 1,771,321 shares of the communications equipment provider's stock valued at $14,277,000 after purchasing an additional 519,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 15.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 252,164 shares of the communications equipment provider's stock valued at $2,032,000 after purchasing an additional 32,982 shares in the last quarter. 7.99% of the stock is owned by hedge funds and other institutional investors.

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.