Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Announces Earnings Results, Misses Estimates By $0.04 EPS

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) issued its quarterly earnings results on Friday. The communications equipment provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04), Zacks reports. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

ERIC stock opened at $7.62 on Friday. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.95. The firm has a market capitalization of $25.39 billion, a PE ratio of -254.00 and a beta of 0.79. The business has a 50 day simple moving average of $8.23 and a 200-day simple moving average of $7.71.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ERIC shares. JPMorgan Chase & Co. raised their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday.

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.