In the latest trading session, 5.45 million Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares changed hands as the company’s beta touched 0.84. With the company’s most recent per share price at $7.49 changed hands at -$0.09 or -1.12% at last look, the market valuation stands at $23.02B. ERIC’s current price is a discount, trading about -4.54% off its 52-week high of $7.83. The share price had its 52-week low at $4.33, which suggests the last value was 42.19% up since then. When we look at Telefonaktiebolaget L M Ericsson ADR’s average trading volume, we note the 10-day average is 15.46 million shares, with the 3-month average coming to 17.53 million.
Analysts gave the Telefonaktiebolaget L M Ericsson ADR (ERIC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.92. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended ERIC as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Telefonaktiebolaget L M Ericsson ADR’s EPS for the current quarter is expected to be 0.09.
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Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Instantly ERIC was in red as seen in intraday trades today. With action -3.17%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 18.97%, with the 5-day performance at -3.17% in the red. However, in the 30-day time frame, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is 0.60% up. Looking at the short shares, we see there were 20.33 million shares sold at short interest cover period of 1.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.94, meaning bulls need a downside of -7.93% from its recent market value. According to analyst projections, ERIC’s forecast low is 6.1 with 7.78 as the target high. To hit the forecast high, the stock’s price needs a -3.87% plunge from its current level, while the stock would need to tank 18.56% for it to hit the projected low.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Data shows that the Telefonaktiebolaget L M Ericsson ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 40.09% over the past 6 months, a -4.65% in annual growth rate that is considerably lower than the industry average of 6.60%. Year-over-year growth is forecast to reach -4.60% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 5.72B. 3 analysts are of the opinion that Telefonaktiebolaget L M Ericsson ADR’s revenue for the current quarter will be 7.01B. The company’s revenue for the corresponding quarters a year ago was 5.97B and 6.75B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.10%. The estimates for the next quarter sales put growth at 3.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -26.83%. The 2024 estimates are for Telefonaktiebolaget L M Ericsson ADR earnings to increase by 105.32%, but the outlook for the next 5-year period is at 1.50% per year.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is expected to release its next quarterly earnings report on 2024-Oct-15. The 3.33% annual yield figure for the share gives it an annual dividend of 0.25. It is important to note, however, that the 3.33% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.84 per year.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 1.4492% or 48.27 million shares worth $297.84 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jul 31, 2024 were Vanguard/Windsor II and Vanguard/Primecap Fund. With 66.79 shares estimated at $499.96 million under it, the former controlled 2.16% of total outstanding shares. On the other hand, Vanguard/Primecap Fund held about 1.08% of the shares, roughly 33.31 shares worth around $249.3 million.
