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How major US stock indexes fared Wednesday 2/7/2023
S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
Is SoundHound Voice AI the Next Big Thing?
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Double Meat: Beyond Meat Could Be 2023’s Next Two-Bagger
Profit From the Commercial Solar Boom? (Ad)
V.F. Corporation Is A High-Yield Bargain Despite Dividend Cut
Daqo New Energy Charged Up For New Highs
YIKES! 220 Pounds of Graphite in Each EV Battery? (Ad)
TG Therapeutics Stock 300% Rally Has Legs Yet
How major US stock indexes fared Wednesday 2/7/2023
S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
Is SoundHound Voice AI the Next Big Thing?
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Double Meat: Beyond Meat Could Be 2023’s Next Two-Bagger
Profit From the Commercial Solar Boom? (Ad)
V.F. Corporation Is A High-Yield Bargain Despite Dividend Cut
Daqo New Energy Charged Up For New Highs
YIKES! 220 Pounds of Graphite in Each EV Battery? (Ad)
TG Therapeutics Stock 300% Rally Has Legs Yet
How major US stock indexes fared Wednesday 2/7/2023
S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
Is SoundHound Voice AI the Next Big Thing?
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Double Meat: Beyond Meat Could Be 2023’s Next Two-Bagger
Profit From the Commercial Solar Boom? (Ad)
V.F. Corporation Is A High-Yield Bargain Despite Dividend Cut
Daqo New Energy Charged Up For New Highs
YIKES! 220 Pounds of Graphite in Each EV Battery? (Ad)
TG Therapeutics Stock 300% Rally Has Legs Yet
How major US stock indexes fared Wednesday 2/7/2023
NASDAQ:ERIC

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

$5.71
-0.09 (-1.55%)
(As of 02/8/2023 12:00 AM ET)
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Compare
Today's Range
$5.71
$5.81
50-Day Range
$5.68
$6.60
52-Week Range
$5.16
$12.78
Volume
7.63 million shs
Average Volume
13.10 million shs
Market Capitalization
$19.02 billion
P/E Ratio
10.38
Dividend Yield
2.56%
Price Target
$7.83

Telefonaktiebolaget LM Ericsson (publ) MarketRank™ Forecast

Analyst Rating
Hold
2.05 Rating Score
Upside/​Downside
1,023.2% Upside
$64.14 Price Target
Short Interest
Healthy
0.18% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.02mentions of Telefonaktiebolaget LM Ericsson (publ) in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
28.00%
From $0.50 to $0.64 Per Share

Overall MarketRank

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

3.11 out of 5 stars

Computer And Technology Sector

12th out of 612 stocks

Radio & T.V. Communications Equipment Industry

4th out of 25 stocks

ERIC stock logo

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

New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
10 Hot Consumer Trends
New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
Ericsson announces changes to the Executive Team
Ericsson (ERIC) Q4 Earnings Decline, Revenues Surge Y/Y
Ericsson Warns of Slowing 5G Orders in North America
Looking Back To Look Ahead: 2022's Top Ten Blog Posts
Why Ericsson Stock Is Gaining Today
See More Headlines
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ERIC Company Calendar

Last Earnings
10/18/2021
Today
2/09/2023
Next Earnings (Estimated)
4/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:ERIC
Employees
100,454
Year Founded
1876

Price Target and Rating

Average Stock Price Forecast
$64.14
High Stock Price Forecast
$113.00
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+37.2%
Consensus Rating
Hold
Rating Score (0-4)
2.05
Research Coverage
21 Analysts

Profitability

Net Income
$1.86 billion
Pretax Margin
9.06%

Debt

Sales & Book Value

Annual Sales
$26.93 billion
Cash Flow
$0.91 per share
Book Value
$3.97 per share

Miscellaneous

Outstanding Shares
3,330,140,000
Free Float
N/A
Market Cap
$19.02 billion
Optionable
Optionable
Beta
0.55

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
  • Fredrik Jejdling
    Executive VP & Head-Business Area Networks













ERIC Stock - Frequently Asked Questions

Should I buy or sell Telefonaktiebolaget LM Ericsson (publ) stock right now?

21 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, 11 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.

What is Telefonaktiebolaget LM Ericsson (publ)'s stock price forecast for 2023?

21 brokerages have issued 1 year price objectives for Telefonaktiebolaget LM Ericsson (publ)'s stock. 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 twelve months. This suggests a possible upside of 1,023.2% 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 on January 1st, 2023. Since then, ERIC shares have decreased by 2.2% and is now trading at $5.71.
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, April 13th 2023.
View our ERIC earnings forecast
.

How were Telefonaktiebolaget LM Ericsson (publ)'s earnings last quarter?

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) announced its quarterly earnings data on Monday, October, 18th. The communications equipment provider reported $0.21 EPS for the quarter, beating 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 6.86% and a trailing twelve-month return on equity of 15.89%. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share.

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. Stockholders 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
.

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 2.59%. The dividend payout ratio is 30.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERIC will have a dividend payout ratio of 26.56% 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 a variety of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (0.02%), Simplex Trading LLC (0.00%), Henry James International Management Inc. (0.01%), Cutler Group LLC CA (0.00%) and Concourse Financial Group Securities Inc. (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 $5.71.

How much money does Telefonaktiebolaget LM Ericsson (publ) make?

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) has a market capitalization of $19.02 billion and generates $271.55 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.

How many employees does Telefonaktiebolaget LM Ericsson (publ) have?

The company employs 100,454 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.
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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 2/9/2023 by MarketBeat.com Staff