About Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)
Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, 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. The Digital Services segment offers products and services for service providers in the areas of operations support systems and business support systems; packet core and communication; network functions virtualization and cloud infrastructure; application development and modernization; and consulting services. The Managed Services segment provides vendor agnostic services, including networks and IT managed, and network design and optimization services to manage service provider's networks. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.
Industry, Sector and Symbol
Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:ERIC
CUSIPN/A
Phone46-1-071-900-00
Debt
Debt-to-Equity Ratio0.33
Current Ratio1.46
Quick Ratio1.18
Price-To-Earnings
Trailing P/E Ratio-16.45
Forward P/E Ratio45.47
P/E GrowthN/A
Sales & Book Value
Annual Sales$23.60 billion
Price / Sales1.09
Cash Flow$0.2784 per share
Price / Cash27.77
Book Value$3.52 per share
Price / Book2.20
Profitability
EPS (Most Recent Fiscal Year)($0.47)
Net Income$-4,129,660,000.00
Net Margins-12.75%
Return on Equity-4.58%
Return on Assets-1.86%
Miscellaneous
Employees100,735
Outstanding Shares3,334,150,000
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) announced its earnings results on Friday, April, 20th. The communications equipment provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. The communications equipment provider had revenue of $43.40 billion for the quarter, compared to the consensus estimate of $43.59 billion. Telefonaktiebolaget LM Ericsson had a negative return on equity of 4.58% and a negative net margin of 12.75%. Telefonaktiebolaget LM Ericsson's revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.42) EPS. View Telefonaktiebolaget LM Ericsson's Earnings History.
When is Telefonaktiebolaget LM Ericsson's next earnings date?
What price target have analysts set for ERIC?
11 Wall Street analysts have issued 12-month target prices for Telefonaktiebolaget LM Ericsson's shares. Their forecasts range from $4.65 to $7.00. On average, they anticipate Telefonaktiebolaget LM Ericsson's share price to reach $5.9125 in the next twelve months. View Analyst Ratings for Telefonaktiebolaget LM Ericsson.
What are Wall Street analysts saying about Telefonaktiebolaget LM Ericsson stock?
Here are some recent quotes from research analysts about Telefonaktiebolaget LM Ericsson stock:
- 1. According to Zacks Investment Research, "Ericsson intends to seize business opportunities as operators shift toward 4G deployments and prepare grounds for the 5G revolution. The company is intensifying its cost-streamlining efforts, with focus on structural changes to help generate lasting efficiency gains. It has detected signs of improvement and increased stability in product roadmaps and projects, and plans to invest in R&D to fortify Networks business and stabilize IT & Cloud roadmaps. However, Ericsson’s shares have underperformed the industry in the last three months. The company operates in an extremely competitive environment, which comprises big multinational wireless telecom service providers and newly established companies. It continues to struggle amid challenging market conditions and all-pervasive demand weakness. The ongoing uncertainty surrounding the Brexit referendum may prove to be a spoiler for Ericsson, stalling major investment decisions." (4/9/2018)
- 2. 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)
Are investors shorting Telefonaktiebolaget LM Ericsson?
Telefonaktiebolaget LM Ericsson saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 21,168,093 shares, an increase of 13.1% from the May 15th total of 18,708,935 shares. Based on an average trading volume of 2,926,531 shares, the days-to-cover ratio is currently 7.2 days.
Who are some of Telefonaktiebolaget LM Ericsson's key competitors?
Some companies that are related to Telefonaktiebolaget LM Ericsson include NTT Docomo (DCMYY), NTT Docomo (DCM), QUALCOMM (QCOM), Nokia Oyj (NOK), Motorola Solutions (MSI), L3 Technologies (LLL), Ubiquiti Networks (UBNT), Commscope (COMM), ARRIS International (ARRS), Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Casa Systems (CASA), Mitel Networks (MITL) and Loral Space & Communications Ltd. (LORL).
Who are Telefonaktiebolaget LM Ericsson's key executives?
Telefonaktiebolaget LM Ericsson's management team includes the folowing people:
- Mr. Börje E. Ekholm MSc, MBA, CEO, Pres & Director (Age 55)
- Mr. Carl Mellander, Sr. VP, CFO and Head of Group Function Fin. & Common Functions (Age 54)
- Ms. Eva-Britt Allenius, Chief Accounting Officer
- Mr. Niklas Heuveldop, Head of Market Area for North America & Acting Chief Strategy Officer (Age 50)
- Mr. Erik Ekudden, Group CTO & SVP and Head of Technology & Architecture
Has Telefonaktiebolaget LM Ericsson been receiving favorable news coverage?
Headlines about ERIC stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Telefonaktiebolaget LM Ericsson earned a news impact score of 0.13 on Accern's scale. They also gave news articles about the communications equipment provider an impact score of 46.85 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Telefonaktiebolaget LM Ericsson's major shareholders?
Telefonaktiebolaget LM Ericsson's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Artisan Partners Limited Partnership (0.41%), Northern Trust Corp (0.08%), Folketrygdfondet (0.06%), Dimensional Fund Advisors LP (0.03%), Aperio Group LLC (0.03%) and UBS Group AG (0.03%). View Institutional Ownership Trends for Telefonaktiebolaget LM Ericsson.
Which institutional investors are selling Telefonaktiebolaget LM Ericsson stock?
ERIC stock was sold by a variety of institutional investors in the last quarter, including Folketrygdfondet, UBS Group AG, Sei Investments Co., Dimensional Fund Advisors LP, Wells Fargo & Company MN, Envestnet Asset Management Inc., Profund Advisors LLC and Russell Investments Group Ltd.. View Insider Buying and Selling for Telefonaktiebolaget LM Ericsson.
Which institutional investors are buying Telefonaktiebolaget LM Ericsson stock?
ERIC stock was acquired by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Jane Street Group LLC, JPMorgan Chase & Co., Artisan Partners Limited Partnership, Trexquant Investment LP, Aperio Group LLC, CIBC World Markets Inc. and Massey Quick Simon & CO. LLC. View Insider Buying and Selling for Telefonaktiebolaget LM Ericsson.
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, Scottrade, Fidelity and Charles Schwab.
What is Telefonaktiebolaget LM Ericsson's stock price today?
One share of ERIC stock can currently be purchased for approximately $7.73.
How big of a company is Telefonaktiebolaget LM Ericsson?
Telefonaktiebolaget LM Ericsson has a market capitalization of $25.97 billion and generates $23.60 billion in revenue each year. The communications equipment provider earns $-4,129,660,000.00 in net income (profit) each year or ($0.47) on an earnings per share basis. Telefonaktiebolaget LM Ericsson employs 100,735 workers across the globe.
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 (ERIC)
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.
