Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s traded shares stood at 3.7 million during the latest session, with the company’s beta value hitting 0.98. At the last check today, the stock’s price was $8.37, to imply an increase of 1.74% or $0.14 in intraday trading. The ERIC share’s 52-week high remains $8.90, putting it -6.33% down since that peak but still an impressive 39.43% since price per share fell to its 52-week low of $5.07. The company has a valuation of $25.71B, with an average of 28.08 million shares in intraday trading volume over the past 10 days and average of 24.12 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 2.89. 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 0.11.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
After registering a 1.74% upside in the latest session, Telefonaktiebolaget L M Ericsson ADR (ERIC) has traded red over the past five days. The 5-day price performance for the stock is 2.23%, and 7.48% over 30 days. With these gigs, the year-to-date price performance is 3.88%. Short interest in Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) saw shorts transact 42.59 million shares and set a 1.53 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 7.05% off suggested target high and 27.12% from its likely low.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
The rating firms project that company’s revenue will grow 0.37% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 60.54B. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 60.96B.Earnings reports from the last fiscal year show that sales brought in 59.85B and 61.79B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.16% before dropping -1.35% in the following quarter.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR has its next earnings report out on 2025-Apr-14. 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 0.27, with the share yield ticking at 3.25% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.07%.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
In total, 13.29% institutions holds shares in the company, led by HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 152.31 million shares (or 4.571% of shares), all amounting to roughly $939.73 million.
The next major institution holding the largest number of shares is PRIMECAP MANAGEMENT CO/CA/ with 48.27 million shares, or about 1.4488% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $297.84 million.
We also have VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund and VANGUARD CHESTER FUNDS-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 Jan 31, 2025 , VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund holds roughly 56.03 shares. This is just over 1.82% of the total shares, with a market valuation of $470.37 million. Data from the same date shows that the other fund manager holds a little less at 32.15, or 1.04% of the shares, all valued at about 269.91 million.
