Ericsson (NASDAQ:ERIC) Expected to Post Quarterly Sales of $5.76 Billion

Equities research analysts expect that Ericsson (NASDAQ:ERIC) will announce earnings of $0.05 per share for the current quarter, Zacks Investment Research reports.

03/29/2017 - Ericsson was upgraded to "outperform" by analysts at Sanford C. Bernstein. During the same quarter past year, the company posted $0.87 EPS. The current consensus recommendation provided by covering analysts is 2.60.

The stock grew about -15.64% in the past 5 years; this positive value indicates that the stock constantly performed well in the previous years as well. Zacks' sales averages are an average based on a survey of analysts that follow Ericsson. The communications equipment provider reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.03 by $0.30. The business had revenue of $46.40 billion during the quarter, compared to analysts' expectations of $47.36 billion. Ericsson had a negative return on equity of 1.32% and a negative net margin of 4.93%. The firm's quarterly revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 earnings per share.

ERIC has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Ericsson from a "hold" rating to a "sell" rating in a report on Tuesday, March 28th.

With these kinds of figures it is worthy to note that Telefonaktiebolaget LM Ericsson (publ) (ERIC) has been put into a neutral territory, but there are few other spots to consider. Citigroup Inc. began coverage on shares of Ericsson in a research report on Thursday, June 8th. They issued a "buy" rating for the company. Active shareholders often maintain a close study on simple moving averages of ERIC stock, specially the 200-day simple moving average (SMA), as it is considered a key indicator by traders and market analysts for determining the overall long-term trend.

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The Target Price for Ericsson ADR (NASDAQ:ERIC) is $6.68/share according to the consensus analysis of analysts working on the stock.

ILLEGAL ACTIVITY WARNING: This story was first published by BBNS and is the property of of BBNS. If you are accessing this article on another domain, it was copied illegally and republished in violation of global copyright & trademark laws. The original version of this story can be read at https://baseballnewssource.com/markets/telefonaktiebolaget-lm-ericsson-eric-rating-increased-to-sell-at-valuengine-updated-updated-updated/936975.html. Comerica Bank now owns 183,748 shares of the communications equipment provider's stock worth $1,088,000 after buying an additional 14,176 shares during the last quarter. Finally, BMO Capital Markets restated a market perform rating on shares of Ericsson in a report on Friday, March 17th.

Total cash per share on the most recent quarter is 1.62. Eventide Asset Management LLC now owns 59,000 shares of the communications equipment provider's stock valued at $392,000 after buying an additional 11,000 shares during the last quarter. Two Sigma Securities LLC bought a new position in Ericsson during the first quarter valued at approximately $106,000. Institutional owners hold 10.40% stake in the company while Insiders ownership held at 0.90%.

Frontier Communications Corporation (NASDAQ:FTR) plans to release second-quarter 2017 results on Tuesday, August 1, 2017 after the market closes, and to host a conference call that afternoon at 4:30 P.M. Eastern Time. A total of 5.76 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 4.99 Million shares, while its relative volume stands at 1.15.

The share of The Dow Chemical Company (DOW) now has a value of $63.94 while the company's 52 week low is at $47.51, the shares dropped to the 52 week low on 07/06/16.

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