Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Announces Earnings Results

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) released its quarterly earnings data on Friday. The communications equipment provider reported $0.17 EPS for the quarter, missing the consensus estimate 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) Stock Down 14.4 %

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

Wall Street Analysts Forecast Growth

ERIC has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Friday.

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.