In the latest trading session, 5.73 million Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares changed hands as the company’s beta touched 0.82. With the company’s most recent per share price at $8.35 changing hands around $0.05 or 0.60% at last look, the market valuation stands at $25.64B. ERIC’s current price is a discount, trading about -6.59% off its 52-week high of $8.90. The share price had its 52-week low at $4.77, which suggests the last value was 42.87% up since then.
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.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Instantly ERIC is in green as seen in intraday trades today. With action 6.10%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 3.60%, with the 5-day performance at 6.10% in the green. However, in the 30-day time frame, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is 8.02% up.
The consensus price target for the stock as assigned by Wall Street analysts is 6.94, meaning bulls need a downside of -20.32% 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 6.83% surge from its current level, while the stock would need to tank 26.95% for it to hit the projected low.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Year-over-year growth is forecast to reach 3.35% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 55.83B. 7 analysts are of the opinion that Telefonaktiebolaget L M Ericsson ADR’s revenue for the current quarter will be 61.21B. The company’s revenue for the corresponding quarters a year ago was 53.33B and 59.85B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.69%. The estimates for the next quarter sales put growth at 2.28%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -61.52%. The 2025 estimates are for Telefonaktiebolaget L M Ericsson ADR earnings to increase by 57034.35%.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is expected to release its next quarterly earnings report in March. The 3.09% annual yield figure for the share gives it an annual dividend of 0.26. It is important to note, however, that the 3.09% 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.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 1.4488% or 48.27 million shares worth $297.84 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Vanguard/Windsor II and Vanguard/Primecap Fund. With 56.03 shares estimated at $468.69 million under it, the former controlled 1.82% of total outstanding shares. On the other hand, Vanguard/Primecap Fund held about 1.07% of the shares, roughly 33.12 shares worth around $277.02 million.
