NASDAQ:ERIC

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock Forecast, Price & News

$5.18

+0.05 (+0.97%)

(As of 06/7/2023 ET)

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Today's Range: $5.15
▼
$5.21
50-Day Range: $5.12
▼
$5.97
52-Week Range: $5.10
▼
$8.32

Volume: 5.92 million shs
Average Volume: 9.78 million shs
Market Capitalization: $17.25 billion

P/E Ratio: 10.36
Dividend Yield: 3.28%
Price Target: $7.83

Telefonaktiebolaget LM Ericsson (publ) MarketRank™ Forecast

Analyst Rating: Hold
2.07 Rating Score
Upside/Downside: 1,057.3% Upside
$59.95 Price Target
Short Interest: Healthy
0.76% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.71
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 47.37%
From $0.38 to $0.56 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Computer And Technology Sector

77th out of 598 stocks

Radio & T.V. Communications Equipment Industry

3rd out of 24 stocks

3.0

Analyst's Opinion

Consensus Rating
Telefonaktiebolaget LM Ericsson (publ) has received a consensus rating of Hold. The company's average rating score is 2.07, and is based on 5 buy ratings, 6 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $59.95, Telefonaktiebolaget LM Ericsson (publ) has a forecasted upside of 1,057.3% from its current price of $5.18.
Amount of Analyst Coverage
Telefonaktiebolaget LM Ericsson (publ) has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.76% of the float of Telefonaktiebolaget LM Ericsson (publ) has been sold short.
Short Interest Ratio / Days to Cover
Telefonaktiebolaget LM Ericsson (publ) has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Telefonaktiebolaget LM Ericsson (publ) has recently decreased by 3.50%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Telefonaktiebolaget LM Ericsson (publ) pays a meaningful dividend of 3.35%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Telefonaktiebolaget LM Ericsson (publ) has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Telefonaktiebolaget LM Ericsson (publ) is 34.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Telefonaktiebolaget LM Ericsson (publ) will have a dividend payout ratio of 30.36% next year. This indicates that Telefonaktiebolaget LM Ericsson (publ) will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ERIC.

2.1

News and Social Media Coverage

News Sentiment
Telefonaktiebolaget LM Ericsson (publ) has a news sentiment score of 0.71. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Telefonaktiebolaget LM Ericsson (publ) this week, compared to 5 articles on an average week.
Search Interest
Only 1 people have searched for ERIC on MarketBeat in the last 30 days. This is a decrease of -96% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Telefonaktiebolaget LM Ericsson (publ) to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Telefonaktiebolaget LM Ericsson (publ) insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 7.94% of the stock of Telefonaktiebolaget LM Ericsson (publ) is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Telefonaktiebolaget LM Ericsson (publ) are expected to grow by 47.37% in the coming year, from $0.38 to $0.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is 10.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is 10.36, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 327.24.
Price to Book Value per Share Ratio
Telefonaktiebolaget LM Ericsson (publ) has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Stock

Telefonaktiebolaget LM Ericsson engages in the provision of telecommunications equipment and related services to mobile and fixed network operators. It operates through the following segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment supports all radio-access technologies and offers hardware, software and related services for both radio access and transport. The Digital Services segment provides software and services in the areas of digital business support systems, operational support systems, cloud communication, cloud core, and cloud infrastructure. The Managed Services segment includes networks and information technology managed services, network design and optimization, and application development and maintenance. The Emerging Business and Other segment encompasses emerging business, Iconectiv, Red Bee Media, and Media Solutions. The company was founded by Lars Magnus Ericsson in 1876 and is headquartered in Kista, Sweden.

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ERIC Stock News Headlines

June 7, 2023 | finance.yahoo.com

Ericsson (ERIC) Partners With Zain for Sustainable Networks

June 6, 2023 | finance.yahoo.com

Why Ericsson was Selected as ABI Research’s “Most Sustainable Telco Vendor”

June 7, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.

June 1, 2023 | finance.yahoo.com

Crush the Energy Curve! How 5G Is Key to Creating More Cost-Effective Telcos

May 31, 2023 | finance.yahoo.com

New number of shares and votes in Telefonaktiebolaget LM Ericsson

May 30, 2023 | finance.yahoo.com

Ericsson (ERIC) Teams Up With MediaTek to Boost 5G Upload Speed

May 30, 2023 | finance.yahoo.com

All Data, Everywhere, All at Once: Can 5G Create the Perfect Future Workspace?

May 30, 2023 | seekingalpha.com

Quarterly Sustainability and Responsible Business Update

June 7, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

May 30, 2023 | seekingalpha.com

Telefonaktiebolaget LM Ericsson (Publ) (ERIC) Quarterly Sustainability And Responsible Business Update (Transcript)

May 26, 2023 | finance.yahoo.com

UPDATE 1-Tipster on Ericsson won SEC's largest ever whistleblower award of $279 mln -WSJ

May 26, 2023 | americanbankingnews.com

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Hits New 12-Month Low at $5.12

May 26, 2023 | finance.yahoo.com

Tipster on Ericsson won SEC's largest ever whistleblower award of $279 mln -WSJ

May 26, 2023 | ca.finance.yahoo.com

Tipster on Ericsson won SEC's largest ever whistleblower award of $279 million -WSJ

May 25, 2023 | finance.yahoo.com

ERIC-B.ST - Telefonaktiebolaget LM Ericsson (publ)

May 25, 2023 | finance.yahoo.com

Ericsson beats US shareholder lawsuit over graft disclosures

May 25, 2023 | finance.yahoo.com

UPDATE 1-Ericsson beats US shareholder lawsuit over graft disclosures

May 25, 2023 | finance.yahoo.com

U.S. District Court dismisses securities claim against Ericsson

May 24, 2023 | ca.finance.yahoo.com

Ericsson beats U.S. shareholder lawsuit over bribery disclosures

May 24, 2023 | markets.businessinsider.com

Ericsson: Nasdaq Stockholm Closes Review Of 2019 Iraq Report Disclosures

May 24, 2023 | finance.yahoo.com

Collaborating for Net Zero: Insights and Strategies for Sustainable Telco Networks

May 24, 2023 | finance.yahoo.com

Nasdaq Stockholm closes review of 2019 Iraq report disclosures: Ericsson

May 23, 2023 | finance.yahoo.com

Ericsson (ERIC) to Boost DNB's Cybersecurity Applications

May 21, 2023 | americanbankingnews.com

Zacks Research Comments on Telefonaktiebolaget LM Ericsson (publ)'s FY2023 Earnings (NASDAQ:ERIC)

May 21, 2023 | finance.yahoo.com

Telefonaktiebolaget LM Ericsson (publ) (ERCB.F)

May 16, 2023 | finance.yahoo.com

D&I Weekly News Round Up: Toxic Workplace Culture, Generation and More

May 16, 2023 | finance.yahoo.com

Invitation to Ericsson quarterly sustainability and responsible business update

See More Headlines

ERIC Price History

30 days | 90 days | 365 days | Advanced Chart

ERIC Company Calendar

Last Earnings: 10/18/2021
Today: 6/07/2023
Next Earnings (Estimated): 7/13/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio & t.v. communications equipment
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:ERIC
CUSIP: N/A
CIK: 717826
Web: www.ericsson.com
Phone: (610) 719-0000
Fax: 46-8719-4222
Employees: 101,322
Year Founded: 1876

Price Target and Rating

Average Stock Price Forecast: $59.95
High Stock Price Forecast: $113.00
Low Stock Price Forecast: $7.50
Forecasted Upside/Downside: +51.2%
Consensus Rating: Hold
Rating Score (0-4): 2.07
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.50
Trailing P/E Ratio: 10.36
Forward P/E Ratio: 13.63
P/E Growth: N/A
Net Income: $1.86 billion
Net Margins: 6.20%
Pretax Margin: 8.21%
Return on Equity: 15.25%
Return on Assets: 5.75%

Debt

Debt-to-Equity Ratio: 0.18
Current Ratio: 1.13
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $26.93 billion
Price / Sales: 0.64
Cash Flow: $0.93 per share
Price / Cash Flow: 5.57
Book Value: $3.97 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 3,330,140,000
Free Float: N/A
Market Cap: $17.25 billion
Optionable: Optionable
Beta: 0.59

Social Links

Key Executives

Erik Börje Ekholm
President, Chief Executive Officer & Director

Moti Gyamlani
Senior VP & Head-Group Function Global Operations

Carl Mellander
CFO, Senior VP & Head-Group Function Finance

Erik Ekudden
Chief Technology Officer & Senior Vice President

Jan Sprafke
Chief Compliance Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ERIC Stock - Frequently Asked Questions

Should I buy or sell Telefonaktiebolaget LM Ericsson (publ) stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson (publ) in the last year. There are currently 4 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ERIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ERIC, but not buy additional shares or sell existing shares.
View ERIC analyst ratings or view top-rated stocks.
What is Telefonaktiebolaget LM Ericsson (publ)'s stock price forecast for 2023?: 15 brokerages have issued 12-month price objectives for Telefonaktiebolaget LM Ericsson (publ)'s shares. Their ERIC share price forecasts range from $7.50 to $113.00. On average, they predict the company's stock price to reach $59.95 in the next twelve months. This suggests a possible upside of 1,057.3% from the stock's current price.
View analysts price targets for ERIC or view top-rated stocks among Wall Street analysts.
How have ERIC shares performed in 2023?: Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $5.84 at the beginning of the year. Since then, ERIC shares have decreased by 11.3% and is now trading at $5.18.
View the best growth stocks for 2023 here.
When is Telefonaktiebolaget LM Ericsson (publ)'s next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 13th 2023.
View our ERIC earnings forecast.
How were Telefonaktiebolaget LM Ericsson (publ)'s earnings last quarter?: Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) released its earnings results on Monday, October, 18th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The communications equipment provider had revenue of $56.30 billion for the quarter, compared to the consensus estimate of $58.16 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 6.20% and a trailing twelve-month return on equity of 15.25%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS.
How often does Telefonaktiebolaget LM Ericsson (publ) pay dividends? What is the dividend yield for Telefonaktiebolaget LM Ericsson (publ)?: Telefonaktiebolaget LM Ericsson (publ) declared a dividend on Wednesday, September 7th. Investors of record on Friday, September 30th will be given a dividend of $0.076 per share on Friday, September 30th. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for ERIC.
What ETFs hold Telefonaktiebolaget LM Ericsson (publ)'s stock?: ETFs with the largest weight of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) stock in their portfolio include Defiance Next Gen Connectivity ETF (FIVG), Pacer Developed Markets International Cash Cows 100 ETF (ICOW), First Trust NASDAQ Technology Dividend Index Fund (TDIV), Pacer Global Cash Cows Dividend ETF (GCOW) and FCF International Quality ETF (TTAI).Avantis International Large Cap Value ETF (AVIV),
Is Telefonaktiebolaget LM Ericsson (publ) a good dividend stock?: Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) pays an annual dividend of $0.17 per share and currently has a dividend yield of 3.35%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERIC will have a dividend payout ratio of 30.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ERIC.

What is Börje Ekholm's approval rating as Telefonaktiebolaget LM Ericsson (publ)'s CEO?: 230 employees have rated Telefonaktiebolaget LM Ericsson (publ) Chief Executive Officer Börje Ekholm on Glassdoor.com. Börje Ekholm has an approval rating of 86% among the company's employees.
What other stocks do shareholders of Telefonaktiebolaget LM Ericsson (publ) own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Telefonaktiebolaget LM Ericsson (publ) investors own include Nokia Oyj (NOK), NVIDIA (NVDA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), AT&T (T), Alibaba Group (BABA) and Tesla (TSLA).
What is Telefonaktiebolaget LM Ericsson (publ)'s stock symbol?: Telefonaktiebolaget LM Ericsson (publ) trades on the NASDAQ under the ticker symbol "ERIC."
Who are Telefonaktiebolaget LM Ericsson (publ)'s major shareholders?: Telefonaktiebolaget LM Ericsson (publ)'s stock is owned by many different retail and institutional investors. Top institutional shareholders include Susquehanna International Group LLP (0.00%), Simplex Trading LLC (0.00%), Group One Trading L.P. (0.00%), PEAK6 Investments LLC (0.00%), Optiver Holding B.V. (0.00%) and Jane Street Group LLC (0.00%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Telefonaktiebolaget LM Ericsson (publ)'s stock price today?: One share of ERIC stock can currently be purchased for approximately $5.18.
How much money does Telefonaktiebolaget LM Ericsson (publ) make?: Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) has a market capitalization of $17.25 billion and generates $26.93 billion in revenue each year. The communications equipment provider earns $1.86 billion in net income (profit) each year or $0.50 on an earnings per share basis.
How many employees does Telefonaktiebolaget LM Ericsson (publ) have?: The company employs 101,322 workers across the globe.
Does Telefonaktiebolaget LM Ericsson (publ) have any subsidiaries?: The following companies are subsidiares of Telefonaktiebolaget LM Ericsson (publ): *REDBACK NETWORKS, AB Aulis, Advanced Computer Communications, Airvana - EVDO business, Allolio&Konrad, Ambient Corporation, Apcera, Aspex Semiconductor, Axxessit AS, Azuki systems, BelAir Networks, CENX, Companía Ericsson S.A.C.I., ConceptWave Software, CradlePoint, Cradlepoint Inc., Creative Broadcast Services Holdings Ltd., Datacenter i Mjärdevi Aktiebolag, Datacenter i Rosersberg AB, Drutt Corporation, Emodo Inc., Entrisphere, Envivio, Ericpol, Ericsson (China) Communications Co. Ltd., Ericsson (China) Company Ltd., Ericsson (Malaysia) Sdn. Bhd., Ericsson (Thailand) Ltd., Ericsson A/S, Ericsson AB, Ericsson AG, Ericsson Amplified Technologies, Ericsson Australia Pty. Ltd., Ericsson Austria GmbH, Ericsson Cables Holding AB, Ericsson Canada Inc., Ericsson Communication Solutions Pte Ltd., Ericsson Corporatia AO, Ericsson Credit AB, Ericsson Danmark A/S, Ericsson España S.A., Ericsson Germany GmbH, Ericsson GmbH, Ericsson Holding II Inc., Ericsson Holding International B.V., Ericsson Holdings Ltd., Ericsson Hungary Ltd., Ericsson Inc., Ericsson India Global Services PVT. Ltd, Ericsson India Private Ltd., Ericsson Japan K.K., Ericsson Ltd., Ericsson Media Solutions Ltd, Ericsson Participations France SAS, Ericsson Shared Services AB, Ericsson South Africa PTY. Ltd, Ericsson Telecom S.A. de C.V., Ericsson Telecommunicatie B.V., Ericsson Telecommunications Pte. Ltd., Ericsson Telecomunicazioni S.p.A., Ericsson Telecomunicações S.A., Ericsson Telekommunikation GmbH, Ericsson Telekomunikasyon A.S., Ericsson Television, Ericsson Television AS, Ericsson Wireless Office Inc., Ericsson-LG CO Ltd., FYI Television, Fabrix Systems, GEOSS, Genaker, Iconectiv LLC., L M Ericsson Limited, LHS AG, Marconi Corporation plc, MetraTech, Microsoft Mediaroom, Nanjing Ericsson Panda Communication Co. Ltd., Netspira Networks, Netwise AB, NodePrime, Optimi Corporation, Oy LM Ericsson Ab, Pride SpA, Red Bee Media, Redback Networks, Sentilla, Technicolor - Broadcast Services, Teleca, Teleric Pty Ltd., TimelessMIND, and iconectiv.
Read More
How can I contact Telefonaktiebolaget LM Ericsson (publ)?: Telefonaktiebolaget LM Ericsson (publ)'s mailing address is TORSHAMNSGATAN 21 - 23, STOCKHOLM V7, 16483. The official website for the company is www.ericsson.com. The communications equipment provider can be reached via phone at (610) 719-0000, via email at investor.relations@ericsson.com, or via fax at 46-8719-4222.

This page (NASDAQ:ERIC) was last updated on 6/7/2023 by MarketBeat.com Staff

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Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock Forecast, Price & News

Telefonaktiebolaget LM Ericsson (publ) MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Stock

ERIC Stock News Headlines

ERIC Price History

ERIC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

ERIC Stock - Frequently Asked Questions

Overall MarketRank^™