In the last trading session, 23.33 million shares of the Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) were traded, and its beta was 0.76. Most recently the company’s share price was $5.26, and it changed around $0.16 or 3.14% from the last close, which brings the market valuation of the company to $16.15B. ERIC currently trades at a discount to its 52-week high of $6.36, offering almost -20.91% off that amount. The share price’s 52-week low was $4.33, which indicates that the current value has risen by an impressive 17.68% since then. We note from Telefonaktiebolaget L M Ericsson ADR’s average daily trading volume that its 3-month average coming to 18.34 million.
Telefonaktiebolaget L M Ericsson ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.64. If we narrow it down even further, the data shows that 2 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 6 recommended ERIC as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Telefonaktiebolaget L M Ericsson ADR is expected to report earnings per share of $Ericsson, Telefonab. L M ser. B for the current quarter.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Instantly ERIC has showed a green trend with a performance of 3.14% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -16.51% year-to-date, but still up 9.81% over the last five days. On the other hand, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is -4.19% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $6.94, which translates to bulls needing to increase their stock price by 24.21% from its current value. Analyst projections state that ERIC is forecast to be at a low of $6.1 and a high of $7.78.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Telefonaktiebolaget L M Ericsson ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 19.00 percent over the past six months and at a -6.98% annual growth rate that is well below the industry average of 7.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -26.83%. Telefonaktiebolaget L M Ericsson ADR earnings are expected to increase by 151.98% in 2024, but the outlook is positive 1.50% per year for the next five years.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 4.75 percent and its annual dividend per share was 0.25. It is important to note, however, that the 4.75% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
