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Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock Price, News & Analysis

Telefonaktiebolaget LM Ericsson (publ) logo
$8.08 -0.09 (-1.10%)
(As of 11/12/2024 ET)

About Telefonaktiebolaget LM Ericsson (publ) Stock (NASDAQ:ERIC)

Key Stats

Today's Range
$8.00
$8.09
50-Day Range
$7.22
$8.59
52-Week Range
$4.56
$8.62
Volume
19.68 million shs
Average Volume
16.69 million shs
Market Capitalization
$26.93 billion
P/E Ratio
N/A
Dividend Yield
2.10%
Price Target
$6.70
Consensus Rating
Reduce

Company Overview

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.

Telefonaktiebolaget LM Ericsson (publ) Stock Analysis - MarketRank™

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23rd Percentile Overall Score

ERIC MarketRank™: 

Telefonaktiebolaget LM Ericsson (publ) scored higher than 23% of companies evaluated by MarketBeat, and ranked 508th out of 654 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Telefonaktiebolaget LM Ericsson (publ) are expected to grow by 13.04% in the coming year, from $0.46 to $0.52 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is -269.33, 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. Sector

    The P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is -269.33, 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 Ratio

    Telefonaktiebolaget LM Ericsson (publ) has a P/B Ratio of 3.28. 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.
  • Percentage of Shares Shorted

    0.97% of the float of Telefonaktiebolaget LM Ericsson (publ) has been sold short.
  • Short Interest Ratio / Days to Cover

    Telefonaktiebolaget LM Ericsson (publ) has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Telefonaktiebolaget LM Ericsson (publ) has recently increased by 11.50%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Telefonaktiebolaget LM Ericsson (publ) pays a meaningful dividend of 2.08%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Telefonaktiebolaget LM Ericsson (publ) does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Telefonaktiebolaget LM Ericsson (publ) will have a dividend payout ratio of 32.69% 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.
  • Percentage of Shares Shorted

    0.97% of the float of Telefonaktiebolaget LM Ericsson (publ) has been sold short.
  • Short Interest Ratio / Days to Cover

    Telefonaktiebolaget LM Ericsson (publ) has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Telefonaktiebolaget LM Ericsson (publ) has recently increased by 11.50%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Telefonaktiebolaget LM Ericsson (publ) has a news sentiment score of 1.52. 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 0.62 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Telefonaktiebolaget LM Ericsson (publ) this week, compared to 5 articles on an average week.
  • Search Interest

    7 people have searched for ERIC on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added Telefonaktiebolaget LM Ericsson (publ) to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
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ERIC Stock Analysis - Frequently Asked Questions

Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $6.30 at the beginning of 2024. Since then, ERIC stock has increased by 28.3% and is now trading at $8.08.
View the best growth stocks for 2024 here
.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) announced its quarterly earnings data on Tuesday, October, 15th. The communications equipment provider reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The communications equipment provider had revenue of $5.93 billion for the quarter, compared to analysts' expectations of $5.73 billion. Telefonaktiebolaget LM Ericsson (publ) had a positive trailing twelve-month return on equity of 13.31% and a negative net margin of 0.47%.

The following companies are subsidiaries of Telefonaktiebolaget LM Ericsson (publ): CradlePoint, Genaker, CENX, Allolio&Konrad, Ericpol, NodePrime, FYI Television, and more.

Top institutional investors of Telefonaktiebolaget LM Ericsson (publ) include Primecap Management Co. CA (1.43%), Gateway Investment Advisers LLC (0.03%), Natixis Advisors LLC (0.02%) and QRG Capital Management Inc. (0.02%).

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Telefonaktiebolaget LM Ericsson (publ) investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

Ex-Dividend for 10/2 Dividend
10/02/2024
Dividend Payable
10/02/2024
Last Earnings
10/15/2024
Today
11/12/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/28/2025

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:ERIC
Employees
99,952
Year Founded
1876

Price Target and Rating

Average Stock Price Target
$6.70
High Stock Price Target
$6.70
Low Stock Price Target
$6.70
Potential Upside/Downside
-17.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$-2,493,860,000.00
Pretax Margin
-0.15%

Debt

Sales & Book Value

Annual Sales
$246.85 billion
Cash Flow
$0.76 per share
Book Value
$2.46 per share

Miscellaneous

Outstanding Shares
3,332,672,000
Free Float
N/A
Market Cap
$26.89 billion
Optionable
Optionable
Beta
0.81

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This page (NASDAQ:ERIC) was last updated on 11/12/2024 by MarketBeat.com Staff
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