In today’s recent session, 3.39 million shares of the Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) have been traded, and its beta is 0.85. Most recently the company’s share price was $7.76, and it changed around $0.02 or 0.32% from the last close, which brings the market valuation of the company to $23.85B. ERIC at last check was trading at a discount to its 52-week high of $8.90, offering almost -14.69% off that amount. The share price’s 52-week low was $4.77, which indicates that the recent value has risen by an impressive 38.53% since then. We note from Telefonaktiebolaget L M Ericsson ADR’s average daily trading volume that its 10-day average is 17.11 million shares, with the 3-month average coming to 17.18 million.
Telefonaktiebolaget L M Ericsson ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.92. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended ERIC as a Hold, whereas 0 deemed it a Buy, and 3 rated it as Underweight. Telefonaktiebolaget L M Ericsson ADR is expected to report earnings per share of 0.09 for the current quarter.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Instantly ERIC has been showing a green trend so far today with a performance of 0.32% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.78 on recent trading dayincreased the stock’s daily price by 0.26%. The company’s shares are currently down -3.66% year-to-date, but still up 2.17% over the last five days. On the other hand, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is -2.45% down in the 30-day period. We can see from the shorts that 32.9 million shares have been sold at a short interest cover period of 2.3 day(s).
The consensus price target as assigned by Wall Street analysts is $6.94, which translates to bulls needing to decrease their stock price by -11.82% from its current value. Analyst projections state that ERIC is forecast to be at a low of $6.1 and a high of $7.78.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
The year-over-year growth rate is expected to be 3.33%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 55.81B in revenue for the current quarter. 8 analysts expect Telefonaktiebolaget L M Ericsson ADR to make 61.13B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 53.33B and 59.85B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.66%. Forecasts for the next quarter put sales growth at 2.14%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -61.52%.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 3.32 percent and its annual dividend per share was 0.26. It is important to note, however, that the 3.32% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.93 per year.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
PRIMECAP MANAGEMENT CO/CA/, with 1.4492% or 48.27 million shares worth $297.84 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard/Windsor II and Vanguard/Primecap Fund were the top two Mutual Funds as of Oct 31, 2024. The former held 56.03 shares worth $435.63 million, making up 1.82% of all outstanding shares. On the other hand, Vanguard/Primecap Fund held roughly 33.12 shares worth around $257.48 million, which represents about 1.07% of the total shares outstanding.
