During the recent session, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s traded shares were 10.87 million, with the beta value of the company hitting 0.81. At the last check today, the stock’s price was $7.87, reflecting an intraday loss of -11.54% or -$1.03. The 52-week high for the ERIC share is $8.90, that puts it down -13.09 from that peak though still a striking 39.39% gain since the share price plummeted to a 52-week low of $4.77. The company’s market capitalization is $24.18B, and the average intraday trading volume over the past 10 days was 16.31 million shares, and the average trade volume was 16.52 million shares over the past three months.
Telefonaktiebolaget L M Ericsson ADR (ERIC) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.77. ERIC has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.07.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Telefonaktiebolaget L M Ericsson ADR (ERIC) registered a -11.54% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -11.54% in intraday trading to $7.87, hitting a weekly high. The stock’s 5-day price performance is -6.94%, and it has moved by -2.33% in 30 days. Based on these gigs, the overall price performance for the year is 33.66%. The short interest in Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is 32.9 million shares and it means that shorts have 2.3 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.94, which implies a decrease of -13.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.1 and $7.78 respectively. As a result, ERIC is trading at a premium of 1.14% off the target high and 22.49% off the low.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Statistics show that Telefonaktiebolaget L M Ericsson ADR has underperformed its competitors in share price, compared to the industry in which it operates. Telefonaktiebolaget L M Ericsson ADR (ERIC) shares have gone up 20.19% during the last six months, with a year-to-date growth rate less than the industry average at 9.30% against 21.60. In the rating firms’ projections, revenue will increase 3.43% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 56.09B as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 61.03B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 53.33B and 59.85B respectively. In this case, analysts expect current quarter sales to grow by 5.19% and then jump by 1.98% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.83%. While earnings are projected to return 64299.45% in 2025.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Telefonaktiebolaget L M Ericsson ADR is 0.26, with the dividend yield indicating at 3.27 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.93%.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
The next largest institutional holding, with 48.27 million shares, is of PRIMECAP MANAGEMENT CO/CA/’s that is approximately 1.4492% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $297.84 million.
Also, the Mutual Funds coming in first place with the largest holdings of Telefonaktiebolaget L M Ericsson ADR (ERIC) shares are Vanguard/Windsor II and Vanguard/Primecap Fund. Data provided on Oct 31, 2024 indicates that Vanguard/Windsor II owns about 56.03 shares. This amounts to just over 1.82 percent of the company’s overall shares, with a $443.79 million market value. The same data shows that the other fund manager holds slightly less at 33.12, or about 1.07% of the stock, which is worth about $262.3 million.
