Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Rating) declared a dividend on Wednesday, September 7th, NASDAQ reports. Shareholders of record on Friday, September 30th will be paid a dividend of 0.076 per share by the communications equipment provider on Friday, September 30th. The ex-dividend date of this dividend is Thursday, September 29th.
Telefonaktiebolaget LM Ericsson (publ) has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Telefonaktiebolaget LM Ericsson (publ) to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 18.1%.
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Telefonaktiebolaget LM Ericsson (publ) stock opened at $5.85 on Wednesday. Telefonaktiebolaget LM Ericsson has a twelve month low of $5.78 and a twelve month high of $12.78. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $19.48 billion, a P/E ratio of 7.60 and a beta of 0.41. The stock's 50 day moving average is $7.22 and its 200 day moving average is $7.85.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Rating) last announced its quarterly earnings data on Thursday, July 14th. The communications equipment provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 9.61% and a return on equity of 22.68%. The firm had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $6.37 billion. On average, equities research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.62 earnings per share for the current fiscal year.Analysts Set New Price Targets
ERIC has been the subject of a number of research analyst reports. Redburn Partners initiated coverage on Telefonaktiebolaget LM Ericsson (publ) in a report on Monday. They issued a "neutral" rating for the company. StockNews.com lowered Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 3rd. Cheuvreux downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "hold" rating in a report on Friday, July 15th. Credit Suisse Group cut shares of Telefonaktiebolaget LM Ericsson (publ) from an "outperform" rating to an "underperform" rating in a report on Thursday, September 15th. Finally, Kepler Capital Markets cut shares of Telefonaktiebolaget LM Ericsson (publ) to a "hold" rating in a report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) currently has an average rating of "Hold" and an average price target of $77.58.
Telefonaktiebolaget LM Ericsson (publ) Company Profile
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Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software.
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