In recent trading session, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) saw 5.04 million shares changing hands at last check today with its beta currently measuring 0.84. Company’s recent per share price level of $6.99 trading at $0.12 or 1.76% at last check today assigns it a market valuation of $21.44B. That most recent trading price of ERIC’s stock is at a premium of 0.43% from its 52-week high price of $6.96 and is indicating a premium of 38.05% from its 52-week low price of $4.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 21.26 million shares which gives us an average trading volume of 16.99 million if we extend that period to 3-months.
For Telefonaktiebolaget L M Ericsson ADR (ERIC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.92. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.09 in the current quarter.
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Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Upright in the green today for gaining 1.76%, in the last five days ERIC remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $6.99 price level, adding 0.14% to its value on the day. Telefonaktiebolaget L M Ericsson ADR’s shares saw a change of 10.97% in year-to-date performance and have moved 4.04% in past 5-day. Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) showed a performance of 3.88% in past 30-days. Number of shares sold short was 22.24 million shares which calculate 1.82 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.94 to the stock, which implies a fall of -0.72% to its recent value today. Analysts have been projecting 6.1 as a low price target for the stock while placing it at a high target of 7.78. It follows that stock’s current price would jump 12.73% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.73% for stock’s current value.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Statistics highlight that Telefonaktiebolaget L M Ericsson ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 31.66% of value to its shares in past 6 months, showing an annual growth rate of -20.93% while that of industry is 1.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -6.10% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.72B for the same. And 3 analysts are in estimates of company making revenue of 7.01B in the next quarter. Company posted 5.97B and 6.75B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -26.83% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 104.23% while estimates for its earnings growth in next 5 years are of 1.50%.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is more likely to be releasing its next quarterly report on 2024-Oct-15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.57%, the share has a forward dividend of 0.25 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.77%.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC is the top institutional holder at ERIC for having 151.56 million shares of worth $835.12 million. And as of 2024-03-31, it was holding 4.5501 of the company’s outstanding shares.
The second largest institutional holder is PRIMECAP MANAGEMENT CO/CA/, which was holding about 49.22 million shares on 2024-03-31. The number of shares represents firm’s hold over 1.4777 of outstanding shares, having a total worth of $271.21 million.
On the other hand, Vanguard/Windsor II and Vanguard/Primecap Fund are the top two Mutual Funds which own company’s shares. As of Apr 30, 2024, the former fund manager was holding 73.41 shares of worth $512.0 million or 2.38% of the total outstanding shares. The later fund manager was in possession of 33.97 shares on Mar 31, 2024, making its stake of worth around $236.91 million in the company or a holder of 1.10% of company’s stock.
