NASDAQ:ERICTelefonaktiebolaget LM Ericsson Stock Price, Forecast & News

$9.06

+0.10 (+1.12 %)

(As of 05/29/2020 02:56 PM ET)

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Today's Range

$9.00

Now: $9.06▼

$9.15

50-Day Range

$7.80

MA: $8.40▼

$8.88

52-Week Range

$6.15

Now: $9.06▼

$10.06

Volume460,843 shs

Average Volume5.64 million shs

Market Capitalization$30.21 billion

P/E Ratio151.00

Dividend Yield0.54%

Beta0.37

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. The Digital Services segment offers products and services for service providers in the areas of business support systems, operations support systems, cloud core, cloud communication, network functions virtualization, and cloud infrastructure, as well as consulting, learning, and testing services. The Managed Services segment provides vendor agnostic services, including networks and IT managed, application development and modernization, and network design and optimization services to manage service providers networks. The Emerging Business and Other segment consists of emerging businesses; iconectiv that offers software-based interconnection solutions; media solutions; and Red Bee Media, which consists of technology enabled services to manage the play-out platform for broadcasters and content owners. It operates in Europe and Latin America, the Middle East and Africa, North America, North East Asia, South East Asia, Oceania, and India. The company was founded in 1876 and is headquartered in Stockholm, Sweden.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Telefonaktiebolaget LM Ericsson has received a consensus rating of Buy. The company's average rating score is 2.92, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.13, Telefonaktiebolaget LM Ericsson has a potential upside of 11.8% from its current price of $9.06.
Amount of Analyst Coverage
Telefonaktiebolaget LM Ericsson has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
Telefonaktiebolaget LM Ericsson has received 554 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Telefonaktiebolaget LM Ericsson has received 798 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Telefonaktiebolaget LM Ericsson has received 59.02% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Telefonaktiebolaget LM Ericsson is a leading dividend payer. It pays a dividend yield of 0.54%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Telefonaktiebolaget LM Ericsson does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Telefonaktiebolaget LM Ericsson is 45.45 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Telefonaktiebolaget LM Ericsson will have a dividend payout ratio of 8.06 % next year. This indicates that Telefonaktiebolaget LM Ericsson will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Telefonaktiebolaget LM Ericsson insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 8.48% of the stock of Telefonaktiebolaget LM Ericsson is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Telefonaktiebolaget LM Ericsson are expected to grow by 24.00% in the coming year, from $0.50 to $0.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Telefonaktiebolaget LM Ericsson is 150.92, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.37.
Price to Earnings Ratio vs. Sector
The P/E ratio of Telefonaktiebolaget LM Ericsson is 150.92, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.76.
Price to Earnings Growth Ratio
Telefonaktiebolaget LM Ericsson has a PEG Ratio of 0.67. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Telefonaktiebolaget LM Ericsson has a P/B Ratio of 3.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.26 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Radio & t.v. communications equipment

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:ERIC

Previous Symbol

CUSIPN/A

CIK717826

Webwww.ericsson.com

Phone46-1-071-900-00

Debt

Debt-to-Equity Ratio0.39

Current Ratio1.22

Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio151.00

Forward P/E Ratio18.12

P/E Growth0.67

Sales & Book Value

Annual Sales$24.04 billion

Price / Sales1.26

Cash Flow$0.41 per share

Price / Cash Flow21.98

Book Value$2.46 per share

Price / Book3.68

Profitability

EPS (Most Recent Fiscal Year)$0.11

Net Income$235.19 million

Net Margins0.90%

Return on Equity4.33%

Return on Assets1.23%

Miscellaneous

Employees99,417

Outstanding Shares3,334,000,000

Market Cap$30.21 billion

Next Earnings Date7/15/2020 (Estimated)

OptionableOptionable

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Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) Frequently Asked Questions

How has Telefonaktiebolaget LM Ericsson's stock been impacted by COVID-19 (Coronavirus)?

Telefonaktiebolaget LM Ericsson's stock was trading at $7.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ERIC shares have increased by 27.2% and is now trading at $9.0552. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Telefonaktiebolaget LM Ericsson?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson in the last year. There are currently 2 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Telefonaktiebolaget LM Ericsson.

When is Telefonaktiebolaget LM Ericsson's next earnings date?

Telefonaktiebolaget LM Ericsson is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Telefonaktiebolaget LM Ericsson.

How were Telefonaktiebolaget LM Ericsson's earnings last quarter?

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) posted its earnings results on Wednesday, April, 22nd. The communications equipment provider reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. The communications equipment provider earned $49.80 billion during the quarter, compared to the consensus estimate of $53.03 billion. Telefonaktiebolaget LM Ericsson had a net margin of 0.90% and a return on equity of 4.33%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. View Telefonaktiebolaget LM Ericsson's earnings history.

What price target have analysts set for ERIC?

13 brokerages have issued 12-month price objectives for Telefonaktiebolaget LM Ericsson's stock. Their forecasts range from $9.00 to $11.50. On average, they expect Telefonaktiebolaget LM Ericsson's stock price to reach $10.13 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price. View analysts' price targets for Telefonaktiebolaget LM Ericsson.

Has Telefonaktiebolaget LM Ericsson been receiving favorable news coverage?

News coverage about ERIC stock has been trending negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned news headlines about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutTelefonaktiebolaget LM Ericsson.

Are investors shorting Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 7,060,000 shares, an increase of 13.9% from the April 30th total of 6,200,000 shares. Based on an average trading volume of 8,620,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% 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?

Some companies that are related to Telefonaktiebolaget LM Ericsson include NTT Docomo (DCMYY), QUALCOMM (QCOM), Motorola Solutions (MSI), Nokia Oyj (NOK), Ubiquiti (UI), Echostar (SATS), ViaSat (VSAT), Commscope (COMM), Maxar Technologies (MAXR), Harmonic (HLIT), Gilat Satellite Networks (GILT), Comtech Telecomm. (CMTL), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA) and Sierra Wireless (SWIR). View all 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), NVIDIA (NVDA), QUALCOMM (QCOM), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA), AT&T (T) and Verizon Communications (VZ).

Who are Telefonaktiebolaget LM Ericsson's key executives?

Telefonaktiebolaget LM Ericsson's management team includes the following 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)

What is Telefonaktiebolaget LM Ericsson's stock symbol?

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

Who are Telefonaktiebolaget LM Ericsson's major shareholders?

Telefonaktiebolaget LM Ericsson's stock is owned by a variety of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (3.87%), Balyasny Asset Management LLC (0.10%), Nuveen Asset Management LLC (0.09%), Morgan Stanley (0.03%), Morgan Stanley (0.03%) and Natixis Advisors L.P. (0.03%).

Which major investors are selling Telefonaktiebolaget LM Ericsson stock?

ERIC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Primecap Management Co. CA, Wells Fargo & Company MN, Deutsche Bank AG, Zeke Capital Advisors LLC, Aperio Group LLC, and Maverick Capital Ltd..

Which major investors are buying Telefonaktiebolaget LM Ericsson stock?

ERIC stock was purchased by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Nuveen Asset Management LLC, Investors Financial Group LLC, Oppenheimer & Co. Inc., Two Sigma Advisers LP, Healthcare of Ontario Pension Plan Trust Fund, Envestnet Asset Management Inc., and Advisor Group Holdings 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 $9.06.

How big of a company is Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson has a market capitalization of $30.19 billion and generates $24.04 billion in revenue each year. The communications equipment provider earns $235.19 million in net income (profit) each year or $0.11 on an earnings per share basis. Telefonaktiebolaget LM Ericsson employs 99,417 workers across the globe.

What is Telefonaktiebolaget LM Ericsson's official website?

The official website for Telefonaktiebolaget LM Ericsson is 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff