Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s traded shares stood at 12.75 million during the last session, with the company’s beta value hitting 0.84. At the close of trading, the stock’s price was $8.44, to imply a decrease of -0.71% or -$0.06 in intraday trading. The ERIC share’s 52-week high remains $8.62, putting it -2.13% down since that peak but still an impressive 48.7% since price per share fell to its 52-week low of $4.33. The company has a valuation of $25.92B, with an average of 20.26 million shares in intraday trading volume over the past 10 days and average of 16.78 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Telefonaktiebolaget L M Ericsson ADR (ERIC), translating to a mean rating of 2.88. Of 9 analyst(s) looking at the stock, 0 analyst(s) give ERIC a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.21.
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Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
After registering a -0.71% downside in the last session, Telefonaktiebolaget L M Ericsson ADR (ERIC) has traded red over the past five days. The 5-day price performance for the stock is -0.71%, and 8.62% over 30 days. With these gigs, the year-to-date price performance is 33.97%. Short interest in Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) saw shorts transact 30.78 million shares and set a 1.99 days time to cover.
The extremes give us $6.1 and $7.78 for target low and target high price respectively. As such, ERIC has been trading 7.82% off suggested target high and 27.73% from its likely low.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Looking at statistics comparing Telefonaktiebolaget L M Ericsson ADR share performance against respective industry, we note that the company has underperformed competitors. Telefonaktiebolaget L M Ericsson ADR (ERIC) shares are 62.93% up over the last 6 months, with its year-to-date growth rate lower than industry average at 4.65% against 4.70%. Revenue is forecast to grow 31.20% this quarter before jumping 12.50% for the next one. The rating firms project that company’s revenue will shrink -5.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 7.05B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 5.54B.Earnings reports from the last fiscal year show that sales brought in 6.75B and 5.29B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 4.50% before jumping 4.70% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -26.83% for the past 5-year period. While 2024 is set for a 108.09% return in earnings, projections for the next 5 years are at 1.50% annually.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR has its next earnings report out on 2025-Jan-21. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Telefonaktiebolaget L M Ericsson ADR has a forward dividend ratio of 0.26, with the share yield ticking at 3.05% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.84%.
The next major institution holding the largest number of shares is PRIMECAP MANAGEMENT CO/CA/ with 48.27 million shares, or about 1.4492% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $297.84 million.
We also have Vanguard/Windsor II and Vanguard/Primecap Fund as the top two Mutual Funds with the largest holdings of the Telefonaktiebolaget L M Ericsson ADR (ERIC) shares. Going by data provided on Jul 31, 2024 , Vanguard/Windsor II holds roughly 66.79 shares. This is just over 2.16% of the total shares, with a market valuation of $563.75 million. Data from the same date shows that the other fund manager holds a little less at 33.31, or 1.08% of the shares, all valued at about 281.1 million.
