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Telefonaktiebolaget LM Ericsson Stock Price, Forecast & Analysis (NASDAQ:ERIC)

$9.13
+0.22 (+2.47 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$9.05
Now: $9.13
$9.16
50-Day Range
$7.80
MA: $8.61
$9.19
52-Week Range
$7.58
Now: $9.13
$10.46
Volume3.37 million shs
Average Volume5.45 million shs
Market Capitalization$30.17 billion
P/E Ratio304.33
Dividend Yield0.74%
Beta0.57
Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for service providers. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support. Read More…

Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:ERIC
CUSIPN/A
Phone46-1-071-900-00

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.28 billion
Cash Flow$0.31 per share
Book Value$2.45 per share

Profitability

Net Income$-751,600,000.00

Miscellaneous

Employees95,359
Outstanding Shares3,305,000,000
Market Cap$30.17 billion
Next Earnings Date1/24/2020 (Estimated)
OptionableOptionable

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Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) Frequently Asked Questions

What is Telefonaktiebolaget LM Ericsson's stock symbol?

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

How were Telefonaktiebolaget LM Ericsson's earnings last quarter?

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) issued its quarterly earnings data on Thursday, October, 17th. The communications equipment provider reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.08 by $0.27. The communications equipment provider earned $57.13 billion during the quarter, compared to the consensus estimate of $56.60 billion. Telefonaktiebolaget LM Ericsson had a negative net margin of 3.89% and a negative return on equity of 4.44%. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. View Telefonaktiebolaget LM Ericsson's Earnings History.

When is Telefonaktiebolaget LM Ericsson's next earnings date?

Telefonaktiebolaget LM Ericsson is scheduled to release their next quarterly earnings announcement on Friday, January 24th 2020. View Earnings Estimates for Telefonaktiebolaget LM Ericsson.

What price target have analysts set for ERIC?

10 analysts have issued 1-year price objectives for Telefonaktiebolaget LM Ericsson's shares. Their forecasts range from $9.00 to $11.50. On average, they expect Telefonaktiebolaget LM Ericsson's stock price to reach $10.08 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Price Targets for Telefonaktiebolaget LM Ericsson.

What is the consensus analysts' recommendation for Telefonaktiebolaget LM Ericsson?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson in the last year. There are currently 4 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Telefonaktiebolaget LM Ericsson.

Has Telefonaktiebolaget LM Ericsson been receiving favorable news coverage?

Media headlines about ERIC stock have trended very negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media headlines about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Telefonaktiebolaget LM Ericsson.

Are investors shorting Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 10,560,000 shares, an increase of 38.8% from the September 30th total of 7,610,000 shares. Based on an average daily trading volume, of 6,240,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.4% of the company's stock are sold short. View Telefonaktiebolaget LM Ericsson's Current Options Chain.

Who are some of Telefonaktiebolaget LM Ericsson's key competitors?

What other stocks do shareholders of Telefonaktiebolaget LM Ericsson own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Telefonaktiebolaget LM Ericsson investors own include Nokia Oyj (NOK), Advanced Micro Devices (AMD), NVIDIA (NVDA), QUALCOMM (QCOM), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Alibaba Group (BABA), Starbucks (SBUX) and Verizon Communications (VZ).

Who are Telefonaktiebolaget LM Ericsson's key executives?

Telefonaktiebolaget LM Ericsson's management team includes the folowing people:
  • Mr. Börje E. Ekholm MSc, MBA, Pres, CEO & Director (Age 56)
  • Mr. Carl Mellander, Sr. VP, CFO and Head of Group Function Fin. & Common Functions (Age 55)
  • Ms. Eva-Britt Allenius, Chief Accounting Officer
  • Mr. Erik Ekudden, Group CTO & SVP and Head of Technology & Architecture (Age 51)
  • Mr. Peter Nyquist, VP & Head of Investor Relations (Age 54)

Who are Telefonaktiebolaget LM Ericsson's major shareholders?

Telefonaktiebolaget LM Ericsson's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.02%), Zeke Capital Advisors LLC (0.01%), Eqis Capital Management Inc. (0.01%), Picton Mahoney Asset Management (0.01%), Massachusetts Financial Services Co. MA (0.01%) and George Kaiser Family Foundation (0.00%).

Which major investors are selling Telefonaktiebolaget LM Ericsson stock?

ERIC stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Picton Mahoney Asset Management, First Trust Advisors LP, Oppenheimer & Co. Inc., AE Wealth Management LLC, World Asset Management Inc, Checchi Capital Advisers LLC and Fox Run Management L.L.C..

Which major investors are buying Telefonaktiebolaget LM Ericsson stock?

ERIC stock was bought by a variety of institutional investors in the last quarter, including George Kaiser Family Foundation, Stoneridge Investment Partners LLC, Massachusetts Financial Services Co. MA, Hancock Whitney Corp, Altfest L J & Co. Inc., Campbell & CO Investment Adviser LLC, Zeke Capital Advisors LLC and Oppenheimer Asset Management Inc..

How do I buy shares of Telefonaktiebolaget LM Ericsson?

Shares of ERIC 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, Robinhood, Fidelity and Charles Schwab.

What is Telefonaktiebolaget LM Ericsson's stock price today?

One share of ERIC stock can currently be purchased for approximately $9.13.

How big of a company is Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson has a market capitalization of $30.17 billion and generates $24.28 billion in revenue each year. The communications equipment provider earns $-751,600,000.00 in net income (profit) each year or $0.03 on an earnings per share basis. Telefonaktiebolaget LM Ericsson employs 95,359 workers across the globe.View Additional Information About Telefonaktiebolaget LM Ericsson.

What is Telefonaktiebolaget LM Ericsson's official website?

The official website for Telefonaktiebolaget LM Ericsson is http://www.ericsson.com/.

How can I contact Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson's mailing address is TORSHAMNSGATAN 21 - 23, STOCKHOLM V7, 16483. The communications equipment provider can be reached via phone at 46-1-071-900-00 or via email at [email protected]


MarketBeat Community Rating for Telefonaktiebolaget LM Ericsson (NASDAQ ERIC)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  509 (Vote Outperform)
Underperform Votes:  747 (Vote Underperform)
Total Votes:  1,256
MarketBeat's community ratings are surveys of what our community members think about Telefonaktiebolaget LM Ericsson and other stocks. Vote "Outperform" if you believe ERIC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ERIC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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