Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) has a beta value of 0.97 and has seen 10.42 million shares traded in the recent trading session. The company, currently valued at $26.26B, closed the recent trade at $8.55 per share which meant it gained $0.09 on the day or 1.06% during that session. The ERIC stock price is -5.15% off its 52-week high price of $8.99 and 32.63% above the 52-week low of $5.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 24.66 million shares traded. The 3-month trading volume is 27.02 million shares.
The consensus among analysts is that Telefonaktiebolaget L M Ericsson ADR (ERIC) is Hold stock at the moment, with a recommendation rating of 2.79. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 9 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.11.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Over the past 30 days, the shares of Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) have changed 3.89%. Short interest in the company has seen 43.22 million shares shorted with days to cover at 1.51.
Wall Street analysts have a consensus price target for the stock at $6.94, which means that the shares’ value could drop -23.2% from the levels at last check today.. The projected low price target is $6.1 while the price target rests at a high of $7.78. In that case, then, we find that the latest price level in today’s session is 9.01% off the targeted high while a plunge would see the stock lose 28.65% from the levels at last check today..
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
The company’s shares have gained 4.27% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.46%.
9 analysts offering their estimates for the company have set an average revenue estimate of 60.54B for the current quarter. 8 have an estimated revenue figure of 60.96B for the next ending quarter. Year-ago sales stood 59.85B and 61.79B respectively for this quarter and the next, and analysts expect sales will grow by 1.16% for the current quarter and 0.46% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -61.52% over the past 5 years.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is expected to release its next earnings report on 2025-Apr-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.27 at a share yield of 3.19%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.11%.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
Investors are also buoyed by the number of investors in a company, with Telefonaktiebolaget L M Ericsson ADR having a total of 381.0 institutions that hold shares in the company. The top two institutional holders are HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with over 152.31 million shares worth more than $939.73 million. As of 2024-06-30, HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC held 4.571% of shares outstanding.
The other major institutional holder is PRIMECAP MANAGEMENT CO/CA/, with the holding of over 48.27 million shares as of 2024-06-30. The firm’s total holdings are worth over $297.84 million and represent 1.4488% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund and VANGUARD CHESTER FUNDS-Vanguard PRIMECAP Fund . As of Jan 31, 2025 , the former fund manager holds about 1.82% shares in the company for having 56.03 shares of worth $479.78 million while later fund manager owns 32.15 shares of worth $275.31 million as of Mar 31, 2025 , which makes it owner of about 1.04% of company’s outstanding stock.
