Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) has a beta value of 0.84 and has seen 9.96 million shares traded in the last trading session. The company, currently valued at $23.15B, closed the last trade at $7.54 per share which meant it gained $0.03 on the day or 0.40% during that session. The ERIC stock price is -3.85% off its 52-week high price of $7.83 and 42.57% above the 52-week low of $4.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.94 million shares traded. The 3-month trading volume is 17.05 million shares.
The consensus among analysts is that Telefonaktiebolaget L M Ericsson ADR (ERIC) is Hold stock at the moment, with a recommendation rating of 2.92. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 9 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.09.
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Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Sporting 0.40% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ERIC stock price touched $7.54 or saw a rise of 0.13%. Year-to-date, Telefonaktiebolaget L M Ericsson ADR shares have moved 19.68%, while the 5-day performance has seen it change 1.48%. Over the past 30 days, the shares of Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) have changed 1.07%. Short interest in the company has seen 30.78 million shares shorted with days to cover at 1.99.
Wall Street analysts have a consensus price target for the stock at $6.94, which means that the shares’ value could drop -8.65% from current levels. The projected low price target is $6.1 while the price target rests at a high of $7.78. In that case, then, we find that the current price level is -3.18% off the targeted high while a plunge would see the stock lose 19.1% from current levels.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Figures show that Telefonaktiebolaget L M Ericsson ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 57.41% over the past 6 months, with this year growth rate of -4.65%, compared to 5.90% for the industry. Revenue growth from the last financial year stood is estimated to be -5.00%.
3 analysts offering their estimates for the company have set an average revenue estimate of 5.72B for the current quarter. 3 have an estimated revenue figure of 7.01B for the next ending quarter. Year-ago sales stood 5.97B and 6.75B respectively for this quarter and the next, and analysts expect sales will shrink by -4.10% for the current quarter and -5.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -26.83% over the past 5 years. Earnings growth for 2024 is a modest 105.47% while over the next 5 years, the company’s earnings are expected to increase by 1.50%.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.26 at a share yield of 3.45%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.84%.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
The top two institutional holders are HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with over 152.31 million shares worth more than $939.73 million. As of 2024-06-30, HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC held 4.5724% of shares outstanding.
The other major institutional holder is PRIMECAP MANAGEMENT CO/CA/, with the holding of over 48.27 million shares as of 2024-06-30. The firm’s total holdings are worth over $297.84 million and represent 1.4492% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard/Windsor II and Vanguard/Primecap Fund . As of Jul 31, 2024 , the former fund manager holds about 2.16% shares in the company for having 66.79 shares of worth $503.63 million while later fund manager owns 33.31 shares of worth $251.13 million as of Jun 30, 2024 , which makes it owner of about 1.08% of company’s outstanding stock.
