Ericsson (NASDAQ:ERIC) Updates On Dividend Release Date


On 2016-04-26, Ericsson (NASDAQ:ERIC) confirmed the dividend disbursement of $0.3 a share to shareholders as on record 2016-04-15. The firm will release dividend on 2016-04-27 while ex-dividend date is reported to be 2016-04-14.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Ericsson (NASDAQ:ERIC) paid a total of $0.3 per share in dividends. This figure stood at $0.3 a share in the same period a year ago indicating a deviation of 69.2157%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $6.7 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $8.1 and $6, respectively.

Taking the mathematical rating formula, the price for Ericsson (NASDAQ:ERIC) stands at 3.22. Earnings Review Ericsson (NASDAQ:ERIC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-28. For the period ending on 2016-09-30, experts are expecting EPS of $0.13.

Coming to the quarter ending on 2015-12-31, Ericsson (NASDAQ:ERIC) recorded EPS of $0.1. The reported numbers came lower than the analysts’ estimates of $0.14, demonstrating a miss of $-0.04 as against reported figures.

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