About Ericsson (NASDAQ:ERIC)
Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks. The IT & Cloud business includes two business units: IT & Cloud Products and IT & Cloud Services. The focus in IT & Cloud is to help telecom operators and selected enterprises through the digital transformations ahead. It develops and delivers software-based solutions for television and media and combines a product portfolio that spans the television value chain, with systems integration and managed services. The portfolio includes compression, content publishing through set-top box or pure over-the-top, content delivery and analytics.
Industry, Sector and Symbol
Industry Communications & Networking
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$26.02 billion
Price / Sales0.82
Cash Flow$0.64 per share
Price / Cash9.99
Book Value$5.02 per share
Price / Book1.27
Net Income$200.60 million
Return on Equity-5.67%
Return on Assets-2.57%
Ericsson (NASDAQ:ERIC) Frequently Asked Questions
What is Ericsson's stock symbol?
Ericsson trades on the NASDAQ under the ticker symbol "ERIC."
How often does Ericsson pay dividends? What is the dividend yield for Ericsson?
Ericsson announced a dividend on Wednesday, March 29th. Investors of record on Friday, March 31st will be paid a dividend of $0.068 per share on Friday, March 31st. The ex-dividend date of this dividend is Thursday, March 30th. View Ericsson's Dividend History.
How were Ericsson's earnings last quarter?
Ericsson (NASDAQ:ERIC) released its quarterly earnings results on Friday, October, 20th. The communications equipment provider reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by $0.07. The communications equipment provider earned $47.80 billion during the quarter, compared to analysts' expectations of $47.21 billion. Ericsson had a negative return on equity of 5.67% and a negative net margin of 8.60%. The business's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. View Ericsson's Earnings History.
When will Ericsson make its next earnings announcement?
Where is Ericsson's stock going? Where will Ericsson's stock price be in 2017?
13 brokerages have issued 12 month target prices for Ericsson's shares. Their predictions range from $3.00 to $7.80. On average, they anticipate Ericsson's share price to reach $5.34 in the next twelve months. View Analyst Ratings for Ericsson.
What are Wall Street analysts saying about Ericsson stock?
Here are some recent quotes from research analysts about Ericsson stock:
- 1. Canaccord Genuity analysts commented, "KMB printed a low-quality 3Q EPS beat ($1.60 vs. $1.54), incl. modest org sales growth (low end of flat/+1% mkt expectations, +1.7% Street), a GM % miss, and $0.08 from other inc./lower taxes. KMB maintained its (ambitious) FY17 org sales guide of flat/up modestly and EPS guide at low-end of $6.20-$6.35 range (Street $6.20)." (10/23/2017)
- 2. According to Zacks Investment Research, "Over the past one year, Ericsson’s shares have underperformed the industry’s average return. Ericsson also has a dreadful earnings history – with huge, consecutive earnings misses over the trailing four quarters. Ericsson has warned that an uncertain market could wipe out nearly SEK 5 billion of operating income over the next year. There is also an increased risk of market and customer project adjustments, which can have a negative impact of SEK 3-5 billion on the operating income in the coming year. Escalating restructuring expenses and spectrum crunch may pose as significant headwinds, going forward. Soft emerging market conditions, completion of major projects and adverse industry trends added to the woes. On the positive side, Ericsson plans to invest in R&D to fortify Networks business and intends to stabilize IT & Cloud roadmaps." (10/6/2017)
Are investors shorting Ericsson?
Ericsson saw a increase in short interest in the month of November. As of November 30th, there was short interest totalling 36,453,954 shares, an increase of 1.8% from the November 15th total of 35,804,750 shares. Based on an average daily volume of 2,528,749 shares, the short-interest ratio is presently 14.4 days.
Who are some of Ericsson's key competitors?
Some companies that are related to Ericsson include Harris (HRS), Arista Networks (ANET), Motorola Solutions (MSI), Alcatel Lucent (ALU), Commscope (COMM), EchoStar (SATS), ARRIS International (ARRS), Brocade Communications Systems (BRCD), ViaSat (VSAT), Belden (BDC), Lumentum (LITE), Ciena (CIEN), InterDigital (IDCC), Finisar (FNSR), Viavi Solutions (VIAV), West (WSTC), Polycom (PLCM) and Plantronics (PLT).
Who are Ericsson's key executives?
Ericsson's management team includes the folowing people:
- Leif Johansson, Independent Chairman of the Board (Age 66)
- Borje E. Ekholm, President, Chief Executive Officer, Director (Age 54)
- Helena Stjernholm, Deputy Chairman of the Board (Age 47)
- Jacob Wallenberg, Deputy Chairman of the Board (Age 61)
- Fredrik Jejdling, Executive Vice President, Head of Business Area Networks (Age 48)
- Carl Mellander, Senior Vice President, Finance & Common Functions (Age 53)
- Niklas Heuveldop, Head of Market Area North America, Acting Senior Vice President, Chief Strategy Officer, Head of Technology & Emerging Business (Age 49)
- Helena Norrman, Senior Vice President, Chief Marketing and Communications Officer and Head of Group Function Marketing and Communications (Age 47)
- Nina Macpherson, Senior Vice President, Chief Legal Officer, Head of Group Function Legal Affairs, Secretary to the Board of Directors (Age 59)
- MajBritt Arfert, Senior Vice President, Human Resources (Age 54)
Who owns Ericsson stock?
Ericsson's stock is owned by a variety of of retail and institutional investors. Top institutional investors include
CEVIAN CAPITAL II GP LTD
(8.05%), Hotchkis & Wiley Capital Management LLC (3.43%), Folketrygdfondet (0.31%), Artisan Partners Limited Partnership (0.24%), Brandes Investment Partners LP (0.22%) and NWQ Investment Management Company LLC (0.10%). View Institutional Ownership Trends for Ericsson.
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 Brandes Investment Partners LP, NWQ Investment Management Company LLC, JPMorgan Chase & Co., Aperio Group LLC, Wells Fargo & Company MN, Earnest Partners LLC, Dimensional Fund Advisors LP and First Trust Advisors LP. View Insider Buying and Selling for Ericsson.
Who bought Ericsson stock? Who is buying Ericsson stock?
Ericsson's stock was acquired by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Artisan Partners Limited Partnership, Folketrygdfondet, Russell Investments Group Ltd., Chartwell Investment Partners LLC, Crossmark Global Holdings Inc., Jane Street Group LLC and Eqis Capital Management Inc.. View Insider Buying and Selling for Ericsson.
How do I buy Ericsson stock?
Shares of Ericsson can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ericsson's stock price today?
One share of Ericsson stock can currently be purchased for approximately $6.39.
How big of a company is Ericsson?
Ericsson has a market capitalization of $20.52 billion and generates $26.02 billion in revenue each year. The communications equipment provider earns $200.60 million in net income (profit) each year or ($0.65) on an earnings per share basis. Ericsson employs 111,464 workers across the globe.
How can I contact Ericsson?
Ericsson's mailing address is Torshamnsgatan 21, KISTA, 164 40, Sweden. The communications equipment provider can be reached via phone at +46-10-7190000 or via email at [email protected]
MarketBeat Community Rating for Ericsson (ERIC)MarketBeat's community ratings are surveys of what our community members think about Ericsson and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Ericsson (NASDAQ:ERIC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.05||2.05||2.15||2.18|
|Ratings Breakdown: ||3 Sell Rating(s)|
12 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
12 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
15 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
16 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$5.34||$5.34||$6.41||$6.93|
|Price Target Upside: ||14.97% downside||14.97% downside||8.71% upside||4.17% downside|
Ericsson (NASDAQ:ERIC) Consensus Price Target History
Ericsson (NASDAQ:ERIC) Analyst Ratings History
(Data available from 12/12/2015 forward)
Ericsson (NASDAQ:ERIC) Earnings History and Estimates Chart
Ericsson (NASDAQ ERIC) Earnings History by Quarter
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/25/2018|| || || || || || || || |
|10/20/2017||9/30/2017||$0.01||($0.06)||$47.21 billion||$47.80 billion||View||N/A|
|7/18/2017||6/30/2017||$0.05||$0.02||$50.66 billion||$49.90 billion||View||N/A|
|4/25/2017||Q1||$0.03||($0.27)||$47.36 billion||$46.40 billion||View||N/A|
|1/26/2017||Q416||$0.07||$0.07||$6.77 billion||$65.20 billion||View||N/A|
|10/21/2016||Q316||$0.09||$0.04||$51.74 billion||$51.10 billion||View||Listen|
|7/19/2016||Q116||$0.12||$0.10||$6.87 billion||$6.59 billion||View||Listen|
|4/21/2016||Q1||$0.13||$0.10||$54.15 billion||$52.20 billion||View||Listen|
|10/23/2015||Q315||$0.16||$0.16||$60.50 billion||$59.20 billion||View||Listen|
|7/17/2015||Q215||$0.14||$0.18||$6.61 billion||$60.70 billion||View||Listen|
|4/23/2015||Q1||$0.13||$0.09||$53.59 billion||$53.50 billion||View||N/A|
|1/27/2015||Q414||$0.25||$0.20||$70.54 billion||$68.00 billion||View||N/A|
|10/24/2014||Q314||$0.17||$0.15||$7.95 billion||$7.93 billion||View||Listen|
|7/18/2014||Q2 2014||$0.14||$0.16||$52.60 billion||$54.80 billion||View||N/A|
|4/23/2014||Q1 2014||$0.15||$0.14||$51.40 billion||$47.50 billion||View||N/A|
|1/31/2014||Q413||$0.25||$0.38||$10.09 billion||$10.30 billion||View||N/A|
|10/24/2013||$1.22||$1.31||$54.62 billion||$53.00 billion||View||N/A|
|7/18/2013||Q213||$1.16||$0.88||$8.54 billion||$55.30 billion||View||N/A|
|4/24/2013||$0.93||$0.99||$53.05 billion||$52.00 billion||View||N/A|
|1/31/2013||Q412||$1.20||$0.36||$63.70 billion||$66.90 billion||View||N/A|
Ericsson (NASDAQ:ERIC) Earnings Estimates
2017 EPS Consensus Estimate: $0.31
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Ericsson (NASDAQ:ERIC) Dividend Information
|Most Recent Dividend:||3/31/2017|
|Payout Ratio:||-10.77% (Trailing 12 Months of Earnings) |
-53.85% (Based on This Year's Estimates)
38.89% (Based on Next Year's Estimates)
Ericsson (NASDAQ:ERIC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Ericsson (NASDAQ ERIC)
No insider trades for this company have been tracked by MarketBeat.com
Ericsson (NASDAQ ERIC) News Headlines
Ericsson (NASDAQ:ERIC) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Ericsson (NASDAQ:ERIC) Income Statement, Balance Sheet and Cash Flow Statement
Ericsson (NASDAQ ERIC) Stock Chart for Tuesday, December, 12, 2017