Zacks Research Issues Positive Forecast for ERIC Earnings

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) - Equities researchers at Zacks Research boosted their Q1 2027 earnings estimates for shares of Telefonaktiebolaget LM Ericsson (publ) in a note issued to investors on Friday, May 30th. Zacks Research analyst R. Department now expects that the communications equipment provider will post earnings per share of $0.15 for the quarter, up from their previous 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.

Other equities research analysts also recently issued reports about the company. Kepler Capital Markets upgraded Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 16th. 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a "neutral" rating in a report on Friday, April 11th.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.6%

Telefonaktiebolaget LM Ericsson (publ) stock traded down $0.05 during mid-day trading on Monday, hitting $8.50. 20,286,232 shares of the company's stock were exchanged, compared to its average volume of 19,249,424. The company's 50 day simple moving average is $8.08 and its 200-day simple moving average is $8.11. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.33 billion, a P/E ratio of -850,000.00, a PEG ratio of 3.89 and a beta of 0.96. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $5.76 and a fifty-two week high of $9.00.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. The company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $55.83 billion.

Hedge Funds Weigh In On Telefonaktiebolaget LM Ericsson (publ)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ERIC. Federated Hermes Inc. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the first quarter valued at about $27,000. Pinnacle Bancorp Inc. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 1st quarter valued at approximately $31,000. Minot DeBlois Advisors LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at approximately $35,000. GeoWealth Management LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock worth $40,000 after acquiring an additional 2,840 shares during the last quarter. 7.99% of the stock is owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Company Profile

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.