Ericsson (ERIC) Scheduled to Post Quarterly Earnings on Friday

Ericsson (NASDAQ:ERIC) is scheduled to issue its quarterly earnings data before the market opens on Friday, April 20th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

Ericsson (NASDAQ:ERIC) last posted its earnings results on Wednesday, January 31st. The communications equipment provider reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.18). The business had revenue of $57.20 billion for the quarter, compared to analyst estimates of $58.24 billion. Ericsson had a negative net margin of 17.57% and a negative return on equity of 11.30%. The business’s revenue was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, analysts expect Ericsson to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

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NASDAQ:ERIC opened at $6.52 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.30. The firm has a market cap of $20,871.78, a P/E ratio of -13.87 and a beta of 0.82. Ericsson has a twelve month low of $5.52 and a twelve month high of $7.47.

ERIC has been the topic of several recent research reports. Canaccord Genuity restated a “hold” rating and set a $6.00 target price (down previously from $6.50) on shares of Ericsson in a report on Thursday, February 1st. Zacks Investment Research upgraded shares of Ericsson from a “sell” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine upgraded shares of Ericsson from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Berenberg Bank began coverage on shares of Ericsson in a report on Wednesday, April 11th. They issued a “hold” rating on the stock. Finally, BidaskClub upgraded shares of Ericsson from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 13th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.91.

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Ericsson Company Profile

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, 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.

Earnings History for Ericsson (NASDAQ:ERIC)

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