Ericsson Company Profile (NASDAQ:ERIC)

About Ericsson

Ericsson logoTelefonaktiebolaget LM Ericsson is a Sweden-based telecommunications operator. The Company offers hardware, software and services that drive development in mobility, broadband and the cloud, creating ecosystems across various industries. Ericsson's core businesses are Radio, Core and Transmission, and Telecom Services. Ericsson operates through three business segments: Networks, Global Services and Support Solutions. Its targeted areas include business support systems (OSS) and business support systems (BSS); television and media, and Internet protocol (IP) and cloud. Networks segment delivers products and solutions for mobile and fixed communication, various generations of radio networks, IP and transmission networks, core networks and cloud. Global Services segment delivers managed services, product-related services, consulting and systems integration services, as well as broadcast and media services. Its Support Solutions segment provides software suites for operators.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Communication Equipment
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: ERIC
  • CUSIP:
Key Metrics:
  • Previous Close: $6.44
  • 50 Day Moving Average: $5.92
  • 200 Day Moving Average: $6.06
  • 52-Week Range: $4.83 - $10.20
  • Trailing P/E Ratio: 111.03
  • Foreward P/E Ratio: 16.95
  • P/E Growth: -1.22
  • Market Cap: $21.05B
  • Outstanding Shares: 3,268,807,000
  • Beta: 1.2
Profitability:
  • Net Margins: 0.85%
  • Return on Equity: 6.20%
  • Return on Assets: 3.09%
Debt:
  • Debt-to-Equity Ratio: 0.13%
  • Current Ratio: 1.85%
  • Quick Ratio: 1.53%
Additional Links:
Companies Related to Ericsson:

Analyst Ratings

Consensus Ratings for Ericsson (NASDAQ:ERIC) (?)
Ratings Breakdown: 1 Sell Rating, 15 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.06)
Consensus Price Target: $6.55 (1.77% upside)

Analysts' Ratings History for Ericsson (NASDAQ:ERIC)
Show:
DateFirmActionRatingPrice TargetDetails
2/22/2017Bank of America CorpReiterated RatingBuyView Rating Details
1/28/2017Wells Fargo & CoReiterated RatingMarket PerformView Rating Details
1/27/2017Charter EquityUpgradeMkt Underperform -> Mkt PerformView Rating Details
1/19/2017Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$6.00View Rating Details
12/15/2016DanskeUpgradeSell -> BuyView Rating Details
10/25/2016J P Morgan Chase & CoDowngradeOverweight -> NeutralView Rating Details
10/21/2016DNB MarketsDowngradeBuy -> HoldView Rating Details
10/15/2016BNP ParibasReiterated RatingHoldView Rating Details
10/15/2016Cowen and CompanyReiterated RatingMarket Perform$6.00View Rating Details
10/13/2016ArgusReiterated RatingHoldView Rating Details
10/13/2016Canaccord GenuityReiterated RatingHold$7.00 -> $5.50View Rating Details
10/13/2016BMO Capital MarketsReiterated RatingMarket Perform$7.00View Rating Details
10/13/2016NatixisDowngradeBuy -> NeutralView Rating Details
10/10/2016Morgan StanleyReiterated RatingNeutralView Rating Details
9/26/2016Credit Suisse GroupUpgradeUnderperform -> NeutralView Rating Details
7/6/2016Barclays PLCUpgradeUnderweight -> Equal WeightView Rating Details
5/3/2016SwedbankDowngradeBuy -> NeutralView Rating Details
4/22/2016Sanford C. BernsteinDowngradeOutperform -> Market Perform$8.23 -> $8.27View Rating Details
2/29/2016Deutsche Bank AGReiterated RatingNeutralView Rating Details
1/5/2016Societe GeneraleDowngradeBuy -> HoldView Rating Details
12/27/2015Royal Bank of CanadaDowngradeHoldView Rating Details
9/25/2015Liberum CapitalUpgradeHold -> BuyView Rating Details
5/29/2015Kepler Capital MarketsReiterated RatingHoldView Rating Details
5/28/2015Citigroup Inc.UpgradeNeutral -> BuyView Rating Details
3/12/2015Berenberg BankDowngradeBuy -> HoldView Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Ericsson (NASDAQ:ERIC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/26/2017Q416$0.07$0.07$6.77 billion$65.20 billionViewN/AView Earnings Details
7/19/2016Q116$0.12$0.10ViewListenView Earnings Details
4/21/2016Q1$0.13$0.11$54.15 billion$52.20 billionViewListenView Earnings Details
1/27/2016Q415$0.24$0.25$73.40 billion$73.60 billionViewListenView Earnings Details
10/23/2015Q315$0.16$0.16$60.50 billion$59.20 billionViewListenView Earnings Details
7/17/2015Q215$0.13$0.17$6.61 billion$60.70 billionViewListenView Earnings Details
4/23/2015Q1$0.13$0.77$53.59 billion$53.50 billionViewN/AView Earnings Details
1/27/2015Q414$0.24$1.71$70.54 billion$68.00 billionViewN/AView Earnings Details
10/24/2014Q314$0.17$0.15$57.60 billionViewListenView Earnings Details
7/18/2014$1.02$1.07$52.60 billion$54.80 billionViewN/AView Earnings Details
4/23/2014$0.93$0.90$51.40 billion$47.50 billionViewN/AView Earnings Details
1/31/2014Q413$0.25$0.38$10.09 billion$10.30 billionViewN/AView Earnings Details
10/24/2013$1.22$1.31$54.62 billion$53.00 billionViewN/AView Earnings Details
7/18/2013Q213$1.16$0.88$8.54 billion$55.30 billionViewN/AView Earnings Details
4/24/2013$0.93$0.99$53.05 billion$52.00 billionViewN/AView Earnings Details
1/31/2013Q412$1.20$0.36$63.70 billion$66.90 billionViewN/AView Earnings Details
10/26/2012$0.82$1.04ViewN/AView Earnings Details
7/18/2012$0.75$0.78ViewN/AView Earnings Details
4/25/2012$0.63$0.77ViewN/AView Earnings Details
1/25/2012$1.65$0.36ViewN/AView Earnings Details
10/20/2011$1.39$1.44ViewN/AView Earnings Details
7/21/2011$1.50$0.96ViewN/AView Earnings Details
1/25/2011$1.51$1.34ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ericsson (NASDAQ:ERIC)
Current Year EPS Consensus Estimate: $0.31 EPS
Next Year EPS Consensus Estimate: $0.38 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.10$0.10$0.10
Q3 20161$0.03$0.03$0.03
Q4 20161$0.11$0.11$0.11
Q1 20171$0.04$0.04$0.04
Q2 20171$0.07$0.07$0.07
Q3 20171$0.07$0.07$0.07
Q4 20171$0.13$0.13$0.13
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Ericsson (NASDAQ:ERIC)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Ericsson (NASDAQ:ERIC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Ericsson (NASDAQ:ERIC)
DateHeadline
News IconFox, Ericsson & Telstra Push Movies With LTE Broadcast (NASDAQ:ERIC)
www.tvtechnology.com - February 27 at 7:26 PM
News IconMWC17: Ericsson is Pioneering 5G and Business Transformation (NASDAQ:ERIC)
iot.do - February 27 at 7:26 PM
News IconSauber to bring upgrades for second test, says Ericsson (NASDAQ:ERIC)
formulaspy.com - February 27 at 7:26 PM
News IconEricsson CEO Looks Ahead to an AI-Powered Network (NASDAQ:ERIC)
www.sdxcentral.com - February 27 at 7:26 PM
News IconAT&T, Ericsson discuss 5G evolution at Europe's big tech show (NASDAQ:ERIC)
www.dallasnews.com - February 27 at 7:26 PM
News IconEricsson leads trial of ‘first content’ media delivery without tariff penalties (NASDAQ:ERIC)
thestack.com - February 27 at 7:26 PM
bloomberg.com logoEricsson CEO Says Cloud Capability Key to Capturing 5G Market (NASDAQ:ERIC)
www.bloomberg.com - February 27 at 7:26 PM
News Icon5G industry to be worth $1.2 trillion by 2026: Ericsson (NASDAQ:ERIC)
www.zdnet.com - February 27 at 7:26 PM
News IconT-Mobile working with Ericsson to bring gigabit LTE to customers in 2017 (NASDAQ:ERIC)
www.yahoo.com - February 27 at 7:26 PM
finance.yahoo.com logoEricsson empowers the future of transport with Connected Vehicle Marketplace (NASDAQ:ERIC)
finance.yahoo.com - February 27 at 7:26 PM
finance.yahoo.com logoEricsson at MWC 2017: Pioneering 5G and Business Transformation (NASDAQ:ERIC)
finance.yahoo.com - February 27 at 7:26 PM
feeds.benzinga.com logoEricsson passes extensive testing for 3.5 GHz CBRS shared spectrum usage with Access SAS (NASDAQ:ERIC)
feeds.benzinga.com - February 27 at 12:52 PM
cnbc.com logoMomentum is building for 5G rollout: Ericsson CEO (NASDAQ:ERIC)
www.cnbc.com - February 27 at 4:22 AM
News IconBatelco, Ericsson enter major network deal (NASDAQ:ERIC)
www.tradearabia.com - February 26 at 4:38 PM
News IconTelstra and Ericsson are building Australia's first 'internet of things' mobile network (NASDAQ:ERIC)
www.businessinsider.com.au - February 26 at 4:38 PM
News IconTelstra, Ericsson, Qualcomm announce 5G new radio trials (NASDAQ:ERIC)
www.zdnet.com - February 26 at 4:38 PM
News IconTelstra and Ericsson lay foundation for 'Network of the Future' (NASDAQ:ERIC)
www.ericsson.com - February 26 at 8:58 AM
News IconEricsson introduces Network Manager as a service (NASDAQ:ERIC)
www.telecomlead.com - February 26 at 8:58 AM
News IconBatelco signs network deal with Ericsson (NASDAQ:ERIC)
ameinfo.com - February 26 at 8:58 AM
News IconCisco and Ericsson Bring the Enterprise to You (NASDAQ:ERIC)
blogs.cisco.com - February 26 at 8:58 AM
News IconEricsson upgrading and expanding Telstra's optical network (NASDAQ:ERIC)
www.zdnet.com - February 26 at 8:58 AM
finance.yahoo.com logoEricsson brings power of cloud to network management with 'as a service' launch (NASDAQ:ERIC)
finance.yahoo.com - February 26 at 8:58 AM
finance.yahoo.com logoTelstra, Ericsson and Qualcomm Collaborate to Accelerate 5G NR Deployment in Australia (NASDAQ:ERIC)
finance.yahoo.com - February 26 at 8:58 AM
finance.yahoo.com logoCisco and Ericsson to Help You Work Better From Your Mobile Phone (NASDAQ:ERIC)
finance.yahoo.com - February 26 at 8:58 AM
finance.yahoo.com logoBatelco selects Ericsson for mobile network enhancement (NASDAQ:ERIC)
finance.yahoo.com - February 26 at 8:58 AM
wsj.com logo[$$] China's Huawei Battles to Own the Next Generation of Wireless Technology (NASDAQ:ERIC)
www.wsj.com - February 26 at 8:58 AM
globenewswire.com logoEricsson, Telefónica and TELIT successfully TEST first end-to-end NB-IoT data call in Spain (NASDAQ:ERIC)
inpublic.globenewswire.com - February 25 at 10:15 PM
News IconEricsson joins hands with Panasonic (NASDAQ:ERIC)
www.voicendata.com - February 25 at 10:15 PM
News Icon€19m Ericsson facility in Athlone promises net initial yield of 10pc (NASDAQ:ERIC)
www.independent.ie - February 25 at 10:15 PM
reuters.com logoBRIEF-Ericsson and Panasonic to cooperate on lithium ion batteries (NASDAQ:ERIC)
www.reuters.com - February 25 at 10:15 PM
News IconEricsson, Telefónica and TELIT successfully TEST first end-to-end NB-IoT data call (NASDAQ:ERIC)
www.voicendata.com - February 25 at 4:45 PM
News IconSingtel, Ericsson to pilot Massive MIMO and Cloud RAN technology - Singapore Business Review (NASDAQ:ERIC)
sbr.com.sg - February 25 at 4:00 AM
News IconBT, Ericsson square up to Arqiva, Samsung over 5G arms race - The Register (NASDAQ:ERIC)
www.theregister.co.uk - February 25 at 4:00 AM
News IconBT, Ericsson, King's College London Team Up on 5G R&D, Testing ... - Light Reading (NASDAQ:ERIC)
www.lightreading.com - February 25 at 4:00 AM
globenewswire.com logoEricsson successfully launches Euro corporate bonds - GlobeNewswire (press release) (NASDAQ:ERIC)
globenewswire.com - February 25 at 4:00 AM
globenewswire.com logoEricsson and Panasonic Join Forces to Deliver Smart, Sustainable ... - GlobeNewswire (press release) (NASDAQ:ERIC)
globenewswire.com - February 25 at 4:00 AM
globenewswire.com logoEricsson and WeDo Technologies partner in business assurance - GlobeNewswire (press release) (NASDAQ:ERIC)
globenewswire.com - February 25 at 4:00 AM
finance.yahoo.com logoEricsson and Federated Wireless Complete Testing to Further Drive ... - Yahoo Finance (NASDAQ:ERIC)
finance.yahoo.com - February 25 at 4:00 AM
globenewswire.com logoEricsson and Sierra Wireless successfully test IoT technology CAT-M1 (LTE-M) with Telefónica in Spain - GlobeNewswire (press release) (NASDAQ:ERIC)
globenewswire.com - February 25 at 4:00 AM
News IconEricsson and Panasonic to bring energy-as-a-service (EaaS) solution (NASDAQ:ERIC)
www.telecomlead.com - February 24 at 10:59 PM
News IconEricsson and Sierra Wireless successfully test IoT technology CAT-M1 with Telefónica in Spain (NASDAQ:ERIC)
iot.do - February 24 at 10:59 PM
News IconIntel and Ericsson launch 5G innovators initiative (NASDAQ:ERIC)
www.bnamericas.com - February 24 at 5:56 PM
News IconIntel and Ericsson launch 5G innovators initiative (NASDAQ:ERIC)
www.bnamericas.com - February 24 at 5:56 PM
News IconNokia, Ericsson validate 3.5 GHz CBRS gear with Federated Wireless’ SAS (NASDAQ:ERIC)
www.fiercewireless.com - February 24 at 5:56 PM
News IconEricsson, Singtel launch consumer IoT solution (NASDAQ:ERIC)
www.bgr.in - February 24 at 5:56 PM
reuters.com logoBRIEF-Ericsson sells two 500 mln euro corporate bonds (NASDAQ:ERIC)
www.reuters.com - February 24 at 5:56 PM
marketrealist.com logoWhat to Expect from European Markets in 2017 (NASDAQ:ERIC)
marketrealist.com - February 24 at 5:56 PM
marketrealist.com logoWhat to Expect from European Markets in 2017 (NASDAQ:ERIC)
marketrealist.com - February 24 at 5:56 PM
News IconVerizon and Ericsson launch 5G on trial-basis across US (NASDAQ:ERIC)
zeenews.india.com - February 24 at 11:32 AM
News IconEricsson joins hadns with BT for 5G testing, development (NASDAQ:ERIC)
www.voicendata.com - February 24 at 11:32 AM

Social

What is Ericsson's stock symbol?

Ericsson trades on the NASDAQ under the ticker symbol "ERIC."

Where is Ericsson's stock going? Where will Ericsson's stock price be in 2017?

18 analysts have issued 1-year price targets for Ericsson's shares. Their forecasts range from $5.50 to $8.27. On average, they expect Ericsson's share price to reach $6.55 in the next twelve months.

What are analysts saying about Ericsson stock?

Here are some recent quotes from research analysts about Ericsson stock:

  • According to Zacks Investment Research, "Ericsson’s fourth-quarter 2016 earnings missed the Zacks Consensus Estimate by 36.4% and were down 75.2% from the year-ago tally, largely on account of weak product demand and revenue performance. Over the past six months, Ericsson’s shares recorded a negative average return, far worse than the Zacks categorized Wireless Equipment industry’s average negative. Soft emerging market conditions, completion of major projects and adverse industry trends added to the woes. However, on the positive side, the company has prioritized three areas of growth, namely core business, targeted investments and cost & efficiency. Ericsson’s recent partnership with Cisco is showing promise and is expected to boost its product lineup and drive sales growth. Also, steady pace of LTE deployments in Southeast Asia and Oceania is proving conducive to the company’s growth." (1/27/2017)

  • Goldman Sachs Group, Inc. (The) analysts commented, "the risk/reward is now less skewed to the downside than before the ytd underperformance of the stock."However, Goldman still expects challenging wireless capex dynamics this year and remains cautious on second-quarter results. Goldman expects quarter-over-quarter revenue growth of 7.5 percent in the second quarter (i.e., sub-seasonal), whereas the consensus models 10 percent.Related Link: Neustar Plans To Split Into 2 Independent Publicly Traded Companies"Our view remains that top-line trends will be tough in 2016, given further EM weakness and our expectation of continued low wireless volumes in regions including Korea and Europe," analyst Alexander Duval wrote in a note.That said, Duval raised his 2016/17 EBITDA estimates by 6 percent/7 percent to factor in a greater likelihood that Ericsson will achieve its cost-cutting target (ex modems) of SKr7 billion by 2017."[O]ur 2016/2017 EBITDA estimates are now only 4 percent/1 percent below SME Direkt consensus, suggesting downside to earnings is now less likely to catalyze further underperformance than we assumed hitherto," (6/21/2016)

Who owns Ericsson stock?

Ericsson's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Hotchkis & Wiley Capital Management LLC (3.20%), NWQ Investment Management Company LLC (0.14%), FMR LLC (0.14%), Symons Capital Management Inc. (0.06%), Dimensional Fund Advisors LP (0.05%) and Two Sigma Investments LP (0.04%).

Who sold Ericsson stock? Who is selling Ericsson stock?

Ericsson's stock was sold by a variety of institutional investors in the last quarter, including NWQ Investment Management Company LLC, Envestnet Asset Management Inc., Guggenheim Capital LLC, Symons Capital Management Inc., Dimensional Fund Advisors LP, Ladenburg Thalmann Financial Services Inc., Brown Advisory Inc. and Bluestein R H & Co..

Who bought Ericsson stock? Who is buying Ericsson stock?

Ericsson's stock was bought by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, FMR LLC, Folger Hill Asset Management LP, Two Sigma Investments LP, Russell Investments Group Ltd., Commerzbank Aktiengesellschaft FI, FNY Partners Fund LP and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main.

How do I buy Ericsson stock?

Shares of Ericsson can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Ericsson stock cost?

One share of Ericsson stock can currently be purchased for approximately $6.44.

Ericsson (NASDAQ:ERIC) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Ericsson (NASDAQ:ERIC)

Earnings History Chart

Earnings by Quarter for Ericsson (NASDAQ:ERIC)

Dividend History Chart

Dividend Payments by Quarter for Ericsson (NASDAQ:ERIC)

Last Updated on 2/27/2017 by MarketBeat.com Staff