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

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson (publ) in the last twelve months. There are currently 5 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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.

16 Wall Street research analysts 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 anticipate the company's stock price to reach $64.14 in the next year. This suggests a possible upside of 1,089.9% from the stock's current price.
View analysts price targets for ERIC or view top-rated stocks among Wall Street analysts.

Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $5.84 at the beginning of 2023. Since then, ERIC shares have decreased by 7.7% and is now trading at $5.39.
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Telefonaktiebolaget LM Ericsson (publ) saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 14,840,000 shares, a decline of 17.8% from the February 13th total of 18,060,000 shares. Based on an average trading volume of 10,360,000 shares, the short-interest ratio is currently 1.4 days. Approximately 0.5% of the company's stock are short sold.
View Telefonaktiebolaget LM Ericsson (publ)'s Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our ERIC earnings forecast.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) posted its quarterly earnings data on Monday, October, 18th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The communications equipment provider earned $56.30 billion during the quarter, compared to analyst estimates of $58.16 billion. Telefonaktiebolaget LM Ericsson (publ) had a trailing twelve-month return on equity of 15.89% and a net margin of 6.86%. Telefonaktiebolaget LM Ericsson (publ)'s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share.

Telefonaktiebolaget LM Ericsson (publ) announced a dividend on Wednesday, September 7th. Shareholders of record on Friday, September 30th will be given a dividend of $0.076 per share on Friday, September 30th. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for ERIC.

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), Pacer Global Cash Cows Dividend ETF (GCOW), FCF International Quality ETF (TTAI), First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Avantis International Large Cap Value ETF (AVIV) and

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) pays an annual dividend of $0.15 per share and currently has a dividend yield of 2.81%. The dividend payout ratio is 27.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERIC will have a dividend payout ratio of 23.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ERIC.

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.

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).

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

Telefonaktiebolaget LM Ericsson (publ)'s stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Susquehanna International Group LLP (0.00%), Russell Investments Group Ltd. (0.02%), Optiver Holding B.V. (0.00%), Credit Suisse AG (0.02%), Group One Trading L.P. (0.00%) and Simplex Trading LLC (0.00%).

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.
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One share of ERIC stock can currently be purchased for approximately $5.39.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) has a market capitalization of $17.95 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 $0.55 on an earnings per share basis.

The company employs 100,454 workers across the globe.

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.