Telefonaktiebolaget LM Ericsson (publ) (ERIC) to Release Earnings on Tuesday

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) is scheduled to be announcing its earnings results before the market opens on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its earnings results on Friday, July 12th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 11.39% and a negative net margin of 14.13%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.29 billion. On average, analysts expect Telefonaktiebolaget LM Ericsson (publ) to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

ERIC opened at $7.43 on Tuesday. The stock’s 50-day moving average price is $7.23 and its 200 day moving average price is $6.29. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.33 and a 12-month high of $7.83. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.39. The firm has a market cap of $24.76 billion, a price-to-earnings ratio of -7.47 and a beta of 0.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the company a “neutral” rating in a research report on Monday, July 15th. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.90.

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.