In the last trading session, 26.73 million Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares changed hands as the company’s beta touched 0.92. With the company’s per share price at $8.19 changed hands at -$0.05 or -0.61% during last session, the market valuation stood at $25.15B. ERIC’s last price was a discount, traded about -8.67% 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 41.76% up since then. When we look at Telefonaktiebolaget L M Ericsson ADR’s average trading volume, we note the 10-day average is 24.62 million shares, with the 3-month average coming to 18.05 million.
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 was in red as seen at the end of in last trading. With action -0.61%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 1.61%, with the 5-day performance at -0.61% in the red. However, in the 30-day time frame, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is 4.07% up. Looking at the short shares, we see there were 45.48 million shares sold at short interest cover period of 2.72 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.94, meaning bulls need a downside of -18.01% from its current 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 5.01% surge from its current level, while the stock would need to tank 25.52% for it to hit the projected low.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Year-over-year growth is forecast to reach 3.47% 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 57278.52%.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is expected to release its next quarterly earnings report on 2025-Jan-23. The 3.15% annual yield figure for the share gives it an annual dividend of 0.26. It is important to note, however, that the 3.15% 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. During the past 5 years, the average dividend yield was 3.0 per year.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
The share float percentage for the stock currently stands at 13.29%. There are 13.29% institutions holding the Telefonaktiebolaget L M Ericsson ADR stock share, with HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 4.571% of the shares, roughly 152.31 million ERIC shares worth $939.73 million.
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 $458.88 million under it, the former controlled 1.82% of total outstanding shares. On the other hand, Vanguard/Primecap Fund held about 1.04% of the shares, roughly 32.15 shares worth around $263.32 million.
