During the last session, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s traded shares were 19.35 million, with the beta value of the company hitting 0.75. At the end of the trading day, the stock’s price was $5.18, reflecting an intraday loss of -5.13% or -$0.28. The 52-week high for the ERIC share is $6.36, that puts it down -22.78 from that peak though still a striking 16.41% gain since the share price plummeted to a 52-week low of $4.33. The company’s market capitalization is $15.89B, and the average intraday trading volume over the past 10 days was 12.59 million shares, and the average trade volume was 16.37 million shares over the past three months.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Telefonaktiebolaget L M Ericsson ADR (ERIC) registered a -5.13% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.13% in intraday trading to $5.18, hitting a weekly high. The stock’s 5-day price performance is -5.99%, and it has moved by -3.90% in 30 days. Based on these gigs, the overall price performance for the year is -10.69%. The short interest in Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is 29.9 million shares and it means that shorts have 2.09 day(s) to cover.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Statistics show that Telefonaktiebolaget L M Ericsson ADR has underperformed its competitors in share price, compared to the industry in which it operates. Telefonaktiebolaget L M Ericsson ADR (ERIC) shares have gone up 7.02% during the last six months, with a year-to-date growth rate less than the industry average at -2.33% against 7.60. In the rating firms’ projections, revenue will decrease -0.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $5.34 billion as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $5.79 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $5.99 billion and $6.12 billion respectively. In this case, analysts expect current quarter sales to shrink by -10.90% and then drop by -5.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.83%. While earnings are projected to return 155.38% in 2024, the next five years will return 1.50% per annum.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Telefonaktiebolaget L M Ericsson ADR is 0.25, with the dividend yield indicating at 4.86 percent, continuing the trend of increasing dividends in recent years.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
Telefonaktiebolaget L M Ericsson ADR insiders own 0.00% of total outstanding shares while institutional holders control 9.06%, with the float percentage being 9.06%. Hotchkis & Wiley Capital Management, LLC is the largest shareholder of the company, while 295 institutions own stock in it. As of Jun 29, 2023, the company held over 104.62 million shares (or 3.39% of all shares), a total value of $570.17 million in shares.
The next largest institutional holding, with 55.22 million shares, is of Primecap Management Company’s that is approximately 1.79% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $300.94 million.
Also, the Mutual Funds coming in first place with the largest holdings of Telefonaktiebolaget L M Ericsson ADR (ERIC) shares are Vanguard/Windsor II and Vanguard/Primecap Fund. Data provided on Jul 30, 2023 indicates that Vanguard/Windsor II owns about 54.6 million shares. This amounts to just over 1.77 percent of the company’s overall shares, with a $275.74 million market value. The same data shows that the other fund manager holds slightly less at 38.74 million, or about 1.26% of the stock, which is worth about $211.15 million.
