Telefonaktiebolaget LM Ericsson (ERIC) Set to Announce Quarterly Earnings on Wednesday

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) will be announcing its earnings results before the market opens on Wednesday, July 17th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last issued its quarterly earnings data on Wednesday, April 17th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Telefonaktiebolaget LM Ericsson had a positive return on equity of 3.79% and a negative net margin of 1.46%. The company had revenue of $48.90 billion for the quarter, compared to the consensus estimate of $48.35 billion. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts expect Telefonaktiebolaget LM Ericsson to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of ERIC stock opened at $9.62 on Tuesday. Telefonaktiebolaget LM Ericsson has a 1-year low of $7.62 and a 1-year high of $10.46. The company’s 50-day moving average is $9.66. The company has a market capitalization of $32.31 billion, a P/E ratio of 320.67 and a beta of 0.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.05 and a current ratio of 1.32.

A number of equities research analysts recently weighed in on ERIC shares. ValuEngine raised ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. New Street Research downgraded Telefonaktiebolaget LM Ericsson from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 29th. Santander raised Nokia Oyj from an “underweight” rating to a “buy” rating in a research report on Monday, July 1st. TheStreet raised Telefonaktiebolaget LM Ericsson from a “c” rating to a “b” rating in a research report on Monday, July 8th. Finally, Credit Suisse Group raised their price objective on Intuit from $260.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $9.77.

About Telefonaktiebolaget LM Ericsson

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for service providers. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support.

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Earnings History for Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

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