NASDAQ:ERIC Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock Price, News & Analysis $7.22 -0.15 (-2.04%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$7.21▼$7.3350-Day Range$6.19▼$7.4552-Week Range$4.33▼$7.48Volume17.91 million shsAverage Volume16.85 million shsMarket Capitalization$24.06 billionP/E RatioN/ADividend Yield3.19%Price Target$5.90 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Telefonaktiebolaget LM Ericsson (publ) alerts: Email Address Telefonaktiebolaget LM Ericsson (publ) MarketRank™ Stock AnalysisAnalyst RatingReduce1.75 Rating ScoreUpside/Downside18.3% Downside$5.90 Price TargetShort InterestHealthy0.60% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.69Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth24.39%From $0.41 to $0.51 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.06 out of 5 starsComputer And Technology Sector504th out of 594 stocksRadio & T.V. Communications Equipment Industry14th out of 20 stocks 0.9 Analyst's Opinion Consensus RatingTelefonaktiebolaget LM Ericsson (publ) has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 1 buy rating, 1 hold rating, and 2 sell ratings.Amount of Analyst CoverageTelefonaktiebolaget LM Ericsson (publ) has only been the subject of 1 research reports in the past 90 days.Read more about Telefonaktiebolaget LM Ericsson (publ)'s stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.60% of the float of Telefonaktiebolaget LM Ericsson (publ) has been sold short.Short Interest Ratio / Days to CoverTelefonaktiebolaget LM Ericsson (publ) has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Telefonaktiebolaget LM Ericsson (publ) has recently decreased by 17.45%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldTelefonaktiebolaget LM Ericsson (publ) pays a meaningful dividend of 2.29%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTelefonaktiebolaget LM Ericsson (publ) does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Telefonaktiebolaget LM Ericsson (publ) will have a dividend payout ratio of 45.10% next year. This indicates that Telefonaktiebolaget LM Ericsson (publ) will be able to sustain or increase its dividend.Read more about Telefonaktiebolaget LM Ericsson (publ)'s dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ERIC. Previous Next 2.1 News and Social Media Coverage News SentimentTelefonaktiebolaget LM Ericsson (publ) has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Telefonaktiebolaget LM Ericsson (publ) this week, compared to 5 articles on an average week.Search InterestOnly 5 people have searched for ERIC on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Telefonaktiebolaget LM Ericsson (publ) to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Telefonaktiebolaget LM Ericsson (publ) insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 7.99% of the stock of Telefonaktiebolaget LM Ericsson (publ) is held by institutions.Read more about Telefonaktiebolaget LM Ericsson (publ)'s insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Telefonaktiebolaget LM Ericsson (publ) are expected to grow by 24.39% in the coming year, from $0.41 to $0.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is -7.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is -7.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioTelefonaktiebolaget LM Ericsson (publ) has a P/B Ratio of 3.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Telefonaktiebolaget LM Ericsson (publ)'s valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss Ratings“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.Learn these 4 simple steps and protect your savings before it’s too late. About Telefonaktiebolaget LM Ericsson (publ) Stock (NASDAQ:ERIC)Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other. The Networks segment offers radio access network (RAN) solutions for various network spectrum bands, including purpose-built and open RAN-prepared hardware and software. This segment also provides cloud RAN; transport solutions; passive and active antennas; and a range of service portfolios covering network deployment and support. The Cloud Software and Services segment offers core networks, business and operational support systems, network design and optimization, and managed network services. The Enterprise segment offers a global communications platform, including cloud-based unified communications as a service, contact center as a service, and communications platform as a service; enterprise wireless solutions comprising private wireless networks and wireless wan pre-packaged solutions; and technologies and new business solutions, such as mobile financial services, security solutions, and advertising services. The Other segment includes Redbee media that prepares and distributes live and video services for broadcasters, sports leagues, and communications service providers. It offers its services through wholesalers and distributors. The company was formerly known as Allmanna Telefon AB LM Ericsson and changed its name to Telefonaktiebolaget LM Ericsson (publ) in January 1926. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.Read More ERIC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ERIC Stock News HeadlinesSeptember 7 at 4:40 AM | markets.businessinsider.comTelefonaktiebolaget LM Ericsson Class B (0O87): New Sell Recommendation for This Technology GiantSeptember 7 at 4:40 AM | finance.yahoo.comTelefonaktiebolaget LM Ericsson (publ) (ERICBS.XC)September 7, 2024 | Porter & Company (Ad)The death of Nvidia?Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.September 2, 2024 | americanbankingnews.comAnalyzing Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) & HMS Networks AB (publ) (OTCMKTS:HMNKF)September 1, 2024 | americanbankingnews.comTelefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Receives $5.90 Average PT from BrokeragesAugust 31, 2024 | americanbankingnews.comTelefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Hits New 1-Year High at $7.48August 29, 2024 | globenewswire.comTelefonaktiebolaget LM Ericsson, Q2 FY2024 Financial Research BriefAugust 28, 2024 | americanbankingnews.comReviewing Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) & Franklin Wireless (OTCMKTS:FKWL)September 7, 2024 | Porter & Company (Ad)The death of Nvidia?Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.August 22, 2024 | finance.yahoo.comTelefonaktiebolaget LM Ericsson (publ) (0O87.IL)August 18, 2024 | seekingalpha.comOne Better-Than-Expected Quarter Doesn't Solve Ericsson's ProblemsAugust 17, 2024 | markets.businessinsider.comEricsson Agrees To Sell Iconectiv For About $1.0 BlnAugust 17, 2024 | msn.comSwedish telecoms giant Ericsson to sell iconectiv in $1-billion dealAugust 17, 2024 | msn.comEricsson Reaches $1 Billion Deal to Sell US Firm to Koch UnitAugust 16, 2024 | prnewswire.comKoch Equity Development Signs Agreement to Acquire Telecommunications Solutions Leader iconectivAugust 16, 2024 | prnewswire.comEricsson announces sale of iconectivAugust 5, 2024 | prnewswire.comUScellular leverages latest Ericsson router technology to elevate 5G infrastructure in rural AmericaJuly 25, 2024 | prnewswire.comVonage Launches Intelligent SIP CapabilitiesSee More Headlines Receive ERIC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Telefonaktiebolaget LM Ericsson (publ) and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/12/2024Today9/07/2024Next Earnings (Estimated)10/15/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Radio & t.v. communications equipment Sub-IndustryN/A Current SymbolNASDAQ:ERIC CUSIPN/A CIK717826 Webwww.ericsson.com Phone(610) 719-0000Fax46-8719-4222Employees99,952Year Founded1876Price Target and Rating Average Stock Price Target$5.90 High Stock Price Target$5.90 Low Stock Price Target$5.90 Potential Upside/Downside-18.3%Consensus RatingReduce Rating Score (0-4)1.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.99) Trailing P/E RatioN/A Forward P/E Ratio17.61 P/E GrowthN/ANet Income$-2,493,860,000.00 Net Margins-14.13% Pretax Margin-13.99% Return on Equity11.39% Return on Assets3.79% Debt Debt-to-Equity Ratio0.39 Current Ratio1.14 Quick Ratio0.90 Sales & Book Value Annual Sales$249.53 billion Price / Sales0.10 Cash Flow$0.75 per share Price / Cash Flow9.64 Book Value$2.31 per share Price / Book3.13Miscellaneous Outstanding Shares3,332,672,000Free FloatN/AMarket Cap$24.06 billion OptionableOptionable Beta0.83 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. E. Borje Ekholm MBA (Age 61)MSc, President, CEO, Head of Segment Enterprise & Director Comp: $30.5MMr. Fredrik Jejdling (Age 55)Executive VP, Head of Business Area Network & Head of Segment Networks Comp: $12.91MMr. Lars Sandstrom M.Sc. (Age 52)Senior VP & CFO Mr. Chris Houghton (Age 58)Senior VP, COO and Head of Business Area Technology & New Businesses Ms. Eva-Britt AlleniusChief Accounting OfficerMr. Erik Ekudden (Age 56)Senior VP, CTO & Head of Group Function Technology Daniel MorrisHead of Investor RelationsMr. Scott Dresser (Age 57)Former Senior VP, Chief Legal Officer, Head of Group Function Legal Affairs and Secretary Ms. Rebecca RohrChief Compliance OfficerPeter OlofssonHead of Corporate CommunicationsMore ExecutivesKey CompetitorsMotorola SolutionsNYSE:MSINokia OyjNYSE:NOKUbiquitiNYSE:UIViasatNASDAQ:VSATHarmonicNASDAQ:HLITView All CompetitorsInstitutional OwnershipSanctuary Advisors LLCBought 13,132 shares on 9/5/2024Ownership: 0.000%Truist Financial CorpSold 46,831 shares on 8/21/2024Ownership: 0.001%Susquehanna International Group LLPSold 248,100 shares on 8/16/2024Ownership: 0.000%Northwestern Mutual Wealth Management Co.Sold 9,226 shares on 8/16/2024Ownership: 0.006%Earnest Partners LLCSold 10,995 shares on 8/15/2024Ownership: 0.011%View All Institutional Transactions ERIC Stock Analysis - Frequently Asked Questions How have ERIC shares performed this year? Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $6.30 at the beginning of 2024. Since then, ERIC shares have increased by 14.6% and is now trading at $7.22. View the best growth stocks for 2024 here. How were Telefonaktiebolaget LM Ericsson (publ)'s earnings last quarter? Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) issued its quarterly earnings results on Friday, July, 12th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.04. The communications equipment provider had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.29 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 14.13% and a positive trailing twelve-month return on equity of 11.39%. What is Börje Ekholm's approval rating as Telefonaktiebolaget LM Ericsson (publ)'s CEO? 230 employees have rated Telefonaktiebolaget LM Ericsson (publ) Chief Executive Officer Börje Ekholm on Glassdoor.com. Börje Ekholm has an approval rating of 86% among the company's employees. Does Telefonaktiebolaget LM Ericsson (publ) have any subsidiaries? Telefonaktiebolaget LM Ericsson (publ) subsidiaries include CradlePoint, Genaker, CENX, Allolio&Konrad, Ericpol, NodePrime, FYI Television, and others. Who are Telefonaktiebolaget LM Ericsson (publ)'s major shareholders? Top institutional shareholders of Telefonaktiebolaget LM Ericsson (publ) include Primecap Management Co. CA (1.45%), Bank of Montreal Can (0.41%), DigitalBridge Group Inc. (0.15%) and Renaissance Technologies LLC (0.11%). How do I buy shares of Telefonaktiebolaget LM Ericsson (publ)? Shares of ERIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Telefonaktiebolaget LM Ericsson (publ) own? Based on aggregate information from My MarketBeat watchlists, some other companies that Telefonaktiebolaget LM Ericsson (publ) investors own include Nokia Oyj (NOK), NVIDIA (NVDA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Intel (INTC) and Micron Technology (MU). This page (NASDAQ:ERIC) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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