Zacks Research Issues Pessimistic Forecast for ERIC Earnings

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) – Research analysts at Zacks Research dropped their FY2026 earnings per share estimates for shares of Telefonaktiebolaget LM Ericsson (publ) in a research note issued to investors on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the communications equipment provider will post earnings of $0.59 per share for the year, down from their prior estimate of $0.60. The consensus estimate for Telefonaktiebolaget LM Ericsson (publ)’s current full-year earnings is $0.44 per share.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.70.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of NASDAQ:ERIC opened at $8.01 on Thursday. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.62. The company has a current ratio of 1.19, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $7.96 and a 200-day moving average price of $6.97. The company has a market cap of $26.68 billion, a price-to-earnings ratio of -266.83 and a beta of 0.81.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 13.31% and a negative net margin of 0.47%. The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.73 billion.

Hedge Funds Weigh In On Telefonaktiebolaget LM Ericsson (publ)

A number of institutional investors and hedge funds have recently made changes to their positions in ERIC. GAMMA Investing LLC grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 131.2% in the 2nd quarter. GAMMA Investing LLC now owns 5,464 shares of the communications equipment provider’s stock worth $34,000 after buying an additional 3,101 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 225.5% in the third quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 3,924 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the first quarter worth $36,000. BOKF NA bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the second quarter valued at $41,000. Finally, Vest Financial LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter worth about $77,000. Institutional investors own 7.99% of the company’s stock.

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.