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)

Add

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

Institutional Ownership

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: 0.02
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

4.0

Analyst's Opinion

Consensus Rating
Telefonaktiebolaget LM Ericsson (publ) has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 5 buy ratings, 11 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $64.14, Telefonaktiebolaget LM Ericsson (publ) has a forecasted upside of 1,023.2% from its current price of $5.71.
Amount of Analyst Coverage
Telefonaktiebolaget LM Ericsson (publ) has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.18% 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 0.5, 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 15.09%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Telefonaktiebolaget LM Ericsson (publ) pays a meaningful dividend of 2.59%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Telefonaktiebolaget LM Ericsson (publ) does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Telefonaktiebolaget LM Ericsson (publ) is 30.91%. 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 26.56% 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.

2.2

News and Social Media Coverage

News Sentiment
Telefonaktiebolaget LM Ericsson (publ) has a news sentiment score of 0.02. 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 lower news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Telefonaktiebolaget LM Ericsson (publ) this week, compared to 5 articles on an average week.
Search Interest
Only 9 people have searched for ERIC on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
MarketBeat Follows
13 people have added Telefonaktiebolaget LM Ericsson (publ) to their MarketBeat watchlist in the last 30 days. This is an increase of 1,200% 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 28.00% in the coming year, from $0.50 to $0.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is 10.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is 10.38, 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 388.29.
Price to Book Value per Share Ratio
Telefonaktiebolaget LM Ericsson (publ) has a P/B Ratio of 1.44. 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.

Receive ERIC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Telefonaktiebolaget LM Ericsson (publ) and its competitors with MarketBeat's FREE daily newsletter.

ERIC Stock News Headlines

February 7, 2023 | finance.yahoo.com

Ericsson Mobility Report Business Review edition: 5G drives revenue growth

February 7, 2023 | finance.yahoo.com

5G Talks: How Are Vodafone and Deutsche Telekom Building Energy-Efficient Networks?

February 9, 2023 | Investing Trends (Ad)

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.

February 7, 2023 | americanbankingnews.com

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Cut to "Market Perform" at Raymond James

February 6, 2023 | americanbankingnews.com

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Receives $59.25 Consensus Target Price from Brokerages

February 2, 2023 | finance.yahoo.com

10 Hot Consumer Trends

February 2, 2023 | americanbankingnews.com

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Raised to Buy at StockNews.com

January 31, 2023 | finance.yahoo.com

Five Ways Digitalization Can Help Build Global Resilience in 2023

February 9, 2023 | Investing Trends (Ad)

New "Vertical" Technology Solves Solar Power's Major Flaw

January 25, 2023 | finance.yahoo.com

Ericsson announces changes to the Executive Team

January 24, 2023 | finance.yahoo.com

D&I Weekly News Round Up: Special Edition – Best of 2022

January 23, 2023 | finance.yahoo.com

Ericsson (ERIC) Q4 Earnings Decline, Revenues Surge Y/Y

January 23, 2023 | finance.yahoo.com

How 5G Indoor Solutions Can Help Your Triple Bottom Line and Boost Sustainability

January 23, 2023 | finance.yahoo.com

Are Options Traders Betting on a Big Move in Ericsson (ERIC) Stock?

January 22, 2023 | markets.businessinsider.com

Charter Equity Reaffirms Their Hold Rating on Telefonaktiebolaget LM Ericsson (ERIC)

January 20, 2023 | finance.yahoo.com

Ericsson Stock Falls on Earnings. Global Growth Isn’t Offsetting a U.S. Slowdown.

January 20, 2023 | finance.yahoo.com

Ericsson stock falls more than 4% after earnings miss and downbeat outlook

January 20, 2023 | finance.yahoo.com

Ericsson warns profit margins at core equipment business set to worsen

January 20, 2023 | finance.yahoo.com

Ericsson Warns of Slowing 5G Orders in North America

January 19, 2023 | finance.yahoo.com

Looking Back To Look Ahead: 2022's Top Ten Blog Posts

January 13, 2023 | finance.yahoo.com

Ericsson (ERIC) Soars 5.5%: Is Further Upside Left in the Stock?

January 12, 2023 | finance.yahoo.com

Why Ericsson Stock Is Gaining Today

January 11, 2023 | finance.yahoo.com

Ericsson Nomination Committee´s proposal for board of directors. Jan Carlson proposed as new Chairman

January 11, 2023 | finance.yahoo.com

Invitation to media and analyst briefing for Ericsson Q4 and full year 2022 report

January 11, 2023 | finance.yahoo.com

Strengthened Ericsson Private Network portfolio leads the market in solution choice

January 4, 2023 | finance.yahoo.com

Ericsson Recognizes $76M Charge To Drive Profitability In Cloud Software And Services

January 4, 2023 | finance.yahoo.com

Ericsson is taking action to accelerate profitability in Cloud Software and Services

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive ERIC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Telefonaktiebolaget LM Ericsson (publ) and its competitors with MarketBeat's FREE daily newsletter.

ERIC Company Calendar

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

Get Stock Alerts

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: 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

EPS (Most Recent Fiscal Year): $0.55
Trailing P/E Ratio: 10.38
Forward P/E Ratio: 11.42
P/E Growth: N/A
Net Income: $1.86 billion
Net Margins: 6.86%
Pretax Margin: 9.06%
Return on Equity: 15.89%
Return on Assets: 5.89%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 1.19
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $26.93 billion
Price / Sales: 0.71
Cash Flow: $0.91 per share
Price / Cash Flow: 6.27
Book Value: $3.97 per share
Price / Book: 1.44

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions

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.
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 2/9/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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 Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ERIC Stock - Frequently Asked Questions

Overall MarketRank^™