NASDAQ:ERIC Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock Price, News & Analysis $8.42 -0.01 (-0.12%) (As of 10/23/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Telefonaktiebolaget LM Ericsson (publ) Stock (NASDAQ:ERIC) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get ERIC alerts:Sign Up Key Stats Today's Range$8.38▼$8.4650-Day Range$7.00▼$8.5352-Week Range$4.33▼$8.62Volume14.60 million shsAverage Volume16.67 million shsMarket Capitalization$28.06 billionP/E RatioN/ADividend Yield2.02%Price Target$6.70Consensus RatingReduce Company OverviewTelefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other. The Networks segment offers radio access network (RAN) solutions for various network spectrum bands, including purpose-built and open RAN-prepared hardware and software. This segment also provides cloud RAN; transport solutions; passive and active antennas; and a range of service portfolios covering network deployment and support. The Cloud Software and Services segment offers core networks, business and operational support systems, network design and optimization, and managed network services. The Enterprise segment offers a global communications platform, including cloud-based unified communications as a service, contact center as a service, and communications platform as a service; enterprise wireless solutions comprising private wireless networks and wireless wan pre-packaged solutions; and technologies and new business solutions, such as mobile financial services, security solutions, and advertising services. The Other segment includes Redbee media that prepares and distributes live and video services for broadcasters, sports leagues, and communications service providers. It offers its services through wholesalers and distributors. The company was formerly known as Allmanna Telefon AB LM Ericsson and changed its name to Telefonaktiebolaget LM Ericsson (publ) in January 1926. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.Read More… Watch this before it gets removed (Ad)If you missed it, my emergency election broadcast is now available - but will be removed soonClick here to watch it now. Telefonaktiebolaget LM Ericsson (publ) Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks32nd Percentile Overall ScoreERIC MarketRank™: Telefonaktiebolaget LM Ericsson (publ) scored higher than 32% of companies evaluated by MarketBeat, and ranked 526th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion0.9 / 5Analyst RatingReduce Consensus RatingTelefonaktiebolaget LM Ericsson (publ) has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 1 buy rating, 1 hold rating, and 2 sell ratings.Amount of Analyst CoverageTelefonaktiebolaget LM Ericsson (publ) has only been the subject of 1 research reports in the past 90 days.Read more about Telefonaktiebolaget LM Ericsson (publ)'s stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth24.39% Earnings GrowthEarnings for Telefonaktiebolaget LM Ericsson (publ) are expected to grow by 24.39% in the coming year, from $0.41 to $0.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is -8.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is -8.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioTelefonaktiebolaget LM Ericsson (publ) has a P/B Ratio of 3.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Telefonaktiebolaget LM Ericsson (publ)'s valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.00% of the float of Telefonaktiebolaget LM Ericsson (publ) has been sold short.Short Interest Ratio / Days to CoverTelefonaktiebolaget LM Ericsson (publ) has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Telefonaktiebolaget LM Ericsson (publ) has recently increased by 51.40%, indicating that investor sentiment is decreasing significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend YieldTelefonaktiebolaget LM Ericsson (publ) pays a meaningful dividend of 2.03%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTelefonaktiebolaget LM Ericsson (publ) does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Telefonaktiebolaget LM Ericsson (publ) will have a dividend payout ratio of 33.33% next year. This indicates that Telefonaktiebolaget LM Ericsson (publ) will be able to sustain or increase its dividend.Read more about Telefonaktiebolaget LM Ericsson (publ)'s dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted1.00% of the float of Telefonaktiebolaget LM Ericsson (publ) has been sold short.Short Interest Ratio / Days to CoverTelefonaktiebolaget LM Ericsson (publ) has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Telefonaktiebolaget LM Ericsson (publ) has recently increased by 51.40%, indicating that investor sentiment is decreasing significantly. News and Social Media3.7 / 5News Sentiment0.73 News SentimentTelefonaktiebolaget LM Ericsson (publ) has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Telefonaktiebolaget LM Ericsson (publ) this week, compared to 5 articles on an average week.Search Interest5 people have searched for ERIC on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat Follows7 people have added Telefonaktiebolaget LM Ericsson (publ) to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days. Company Ownership0.0 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Telefonaktiebolaget LM Ericsson (publ) insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 7.99% of the stock of Telefonaktiebolaget LM Ericsson (publ) is held by institutions.Read more about Telefonaktiebolaget LM Ericsson (publ)'s insider trading history. Receive ERIC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Telefonaktiebolaget LM Ericsson (publ) and its competitors with MarketBeat's FREE daily newsletter. Email Address ERIC Stock News HeadlinesTelefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Given New $6.70 Price Target at JPMorgan Chase & Co.October 24 at 4:36 AM | americanbankingnews.comTelefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Receives $5.90 Consensus Target Price from AnalystsOctober 23 at 4:27 AM | americanbankingnews.comWatch this before it gets removed If you missed it, my emergency election broadcast is now available - but will be removed soonOctober 24, 2024 | Porter & Company (Ad)J.P. Morgan Sticks to Their Hold Rating for Telefonaktiebolaget LM Ericsson (ERIC)October 22 at 11:48 PM | markets.businessinsider.comTelefonaktiebolaget LM Ericsson Class B (0O87) Receives a Hold from J.P. MorganOctober 22 at 11:48 PM | markets.businessinsider.comStockNews.com Upgrades Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) to Strong-BuyOctober 18, 2024 | americanbankingnews.comVonage Launches Intelligent Workspace to Deliver a Next-Gen Contact Center ExperienceOctober 17, 2024 | prnewswire.comInvestors Buy High Volume of Call Options on Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)October 17, 2024 | americanbankingnews.comSee More Headlines ERIC Stock Analysis - Frequently Asked Questions How have ERIC shares performed this year? Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $6.30 on January 1st, 2024. Since then, ERIC stock has increased by 33.7% and is now trading at $8.42. View the best growth stocks for 2024 here. How were Telefonaktiebolaget LM Ericsson (publ)'s earnings last quarter? Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) posted its quarterly earnings results on Monday, January, 22nd. The communications equipment provider reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The communications equipment provider had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.04 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 14.13% and a positive trailing twelve-month return on equity of 11.39%. Does Telefonaktiebolaget LM Ericsson (publ) have any subsidiaries? Telefonaktiebolaget LM Ericsson (publ) subsidiaries include these companies: CradlePoint, Genaker, CENX, Allolio&Konrad, Ericpol, NodePrime, FYI Television, and more. Who are Telefonaktiebolaget LM Ericsson (publ)'s major shareholders? Top institutional shareholders of Telefonaktiebolaget LM Ericsson (publ) include Gateway Investment Advisers LLC (0.03%), Diversified Trust Co (0.01%), Koss Olinger Consulting LLC (0.01%) and Ritholtz Wealth Management (0.01%). How do I buy shares of Telefonaktiebolaget LM Ericsson (publ)? Shares of ERIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Telefonaktiebolaget LM Ericsson (publ) own? Based on aggregate information from My MarketBeat watchlists, some other companies that Telefonaktiebolaget LM Ericsson (publ) investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH). Company Calendar Last Earnings1/22/2024Ex-Dividend for 10/2 Dividend10/02/2024Dividend Payable10/02/2024Today10/23/2024Fiscal Year End12/31/2024Next Earnings (Estimated)1/28/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Radio & t.v. communications equipment Sub-IndustryN/A Current SymbolNASDAQ:ERIC CUSIPN/A CIK717826 Webwww.ericsson.com Phone(610) 719-0000Fax46-8719-4222Employees99,952Year Founded1876Price Target and Rating Average Stock Price Target$6.70 High Stock Price Target$6.70 Low Stock Price Target$6.70 Potential Upside/Downside-20.4%Consensus RatingReduce Rating Score (0-4)1.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.99) Trailing P/E RatioN/A Forward P/E Ratio20.54 P/E GrowthN/ANet Income$-2,493,860,000.00 Net Margins-14.13% Pretax Margin-13.99% Return on Equity11.39% Return on Assets3.79% Debt Debt-to-Equity Ratio0.39 Current Ratio1.14 Quick Ratio0.90 Sales & Book Value Annual Sales$246.85 billion Price / Sales0.11 Cash Flow$0.86 per share Price / Cash Flow9.77 Book Value$2.76 per share Price / Book3.05Miscellaneous Outstanding Shares3,332,672,000Free FloatN/AMarket Cap$28.06 billion OptionableOptionable Beta0.83 Social Links Reduce the RiskMarket downturns give many investors pause, and for good reason. 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