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S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
These 5 Tech Stocks Have 10x Potential (Ad)pixel
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Expert who called the bottom of the 2020 and 2022 crashes releases new forecast: (Ad)pixel
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
Expert who called the bottom of the 2020 and 2022 crashes releases new forecast: (Ad)pixel
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
These 5 Tech Stocks Have 10x Potential (Ad)pixel
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Expert who called the bottom of the 2020 and 2022 crashes releases new forecast: (Ad)pixel
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
Expert who called the bottom of the 2020 and 2022 crashes releases new forecast: (Ad)pixel
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
These 5 Tech Stocks Have 10x Potential (Ad)pixel
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Expert who called the bottom of the 2020 and 2022 crashes releases new forecast: (Ad)pixel
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
Expert who called the bottom of the 2020 and 2022 crashes releases new forecast: (Ad)pixel
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
NASDAQ:ERIC

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

$6.52
+0.15 (+2.35%)
(As of 12/1/2022 12:00 AM ET)
Add
Compare
Today's Range
$6.45
$6.55
50-Day Range
$5.36
$6.48
52-Week Range
$5.16
$12.78
Volume
11.36 million shs
Average Volume
9.14 million shs
Market Capitalization
$21.71 billion
P/E Ratio
9.06
Dividend Yield
2.35%
Price Target
$26.80

Telefonaktiebolaget LM Ericsson (publ) MarketRank™ Forecast

Analyst Rating
Hold
2.16 Rating Score
Upside/​Downside
958.3% Upside
$69.00 Price Target
Short Interest
Healthy
0.47% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Telefonaktiebolaget LM Ericsson (publ) in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.33%
From $0.60 to $0.62 Per Share

Overall MarketRank

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

2.66 out of 5 stars

Computer And Technology Sector

115th out of 635 stocks

Radio & T.V. Communications Equipment Industry

5th out of 26 stocks

ERIC stock logo

About Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Stock

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. This segment also provides integrated antenna and transport solutions; and a range of service portfolio covering network deployment and support. The Digital Services segment offers software-based solutions for business support systems, operational support systems, communication services, core networks, and cloud infrastructure. The Managed Services segment provides networks and IT managed, network design and optimization, and application development and maintenance services to telecom operators. The Emerging Business and Other segment includes emerging businesses comprising Internet of Things; iconectiv; Cradlepoint that offers wireless edge WAN 4G and 5G enterprise solutions; and Red Bee Media, MediaKind, and other new businesses. It operates in North America, Europe and Latin America, the Middle East and Africa, South East Asia, Oceania, India, North East Asia, and internationally. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.

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ERIC Stock News Headlines

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D&I Weekly News Round Up: Mental Health, Bias and More
Ericsson to invest in 6G network research in Britain
Bear Market Expert Reveals His #1 Stock for November 2023 
"I went from the brink of bankruptcy to wealthy – thanks to one type of stock". Get his top pick here. pixel
Live From UNGA 77 - September 21
Connected Mangroves
Ericsson sets data speed record on 5G CBRS spectrum
Live From UNGA 77 - September 20
3 Top Lessons From the Transforming Education Summit
ICT Is a Solutions Sector
Invitation to Ericsson's Capital Markets Day 2022
Ericsson Shares Dip After Goldman Sachs Downgrades Rating
Why LM Ericsson Stock Is Crashing Today
Nokia, Ericsson slump as patent fights hit margins
See More Headlines
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ERIC Company Calendar

Last Earnings
10/18/2021
Ex-Dividend for 9/30 Dividend
9/29/2022
Dividend Payable
9/30/2022
Today
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/24/2023

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
$69.00
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+311.0%
Consensus Rating
Hold
Rating Score (0-4)
2.16
Research Coverage
19 Analysts

Profitability

Net Income
$2.65 billion
Pretax Margin
11.15%

Debt

Sales & Book Value

Annual Sales
$27.08 billion
Cash Flow
$1.23 per share
Book Value
$3.90 per share

Miscellaneous

Outstanding Shares
3,330,142,000
Free Float
N/A
Market Cap
$21.71 billion
Optionable
Optionable
Beta
0.49

Social Links


Key Executives

  • Mr. E. Borje Ekholm MBA (Age 59)
    MSc, Pres, CEO & Director
  • Mr. Fredrik Jejdling (Age 53)
    Exec. VP, Head of Bus. Area Network & Head of Segment Networks
  • Mr. Carl Mellander (Age 58)
    Sr. VP, CFO and Head of Group Function Fin. & Common Functions
  • Ms. Eva-Britt Allenius
    Chief Accounting Officer
  • Mr. Erik Ekudden (Age 54)
    Sr. VP, CTO & Head of Group Function Technology
  • Mr. Peter Nyquist (Age 57)
    VP & Head of Investor Relations
  • Mr. Scott Dresser (Age 55)
    Sr. VP, Chief Legal Officer, Head of Group Function Legal Affairs & Compliance and Sec.
  • Peter Olofsson
    Head of Corp. Communications
  • Ms. Stella Medlicott (Age 53)
    SVP, Chief Marketing & Communications Officer and Head of Group Function Mktg. & Corp. Relations
  • Ms. MajBritt Arfert (Age 59)
    Sr. VP, Chief People Officer & Head of Group Function People













ERIC Stock - Frequently Asked Questions

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

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson (publ) in the last year. There are currently 3 sell ratings, 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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?

19 analysts have issued twelve-month target prices for Telefonaktiebolaget LM Ericsson (publ)'s stock. Their ERIC share price forecasts range from $8.00 to $125.00. On average, they expect the company's stock price to reach $69.00 in the next twelve months. This suggests a possible upside of 958.3% 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 2022?

Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $10.87 at the beginning of the year. Since then, ERIC shares have decreased by 40.0% and is now trading at $6.52.
View the best growth stocks for 2022 here
.

Are investors shorting Telefonaktiebolaget LM Ericsson (publ)?

Telefonaktiebolaget LM Ericsson (publ) saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 14,330,000 shares, an increase of 41.6% from the October 31st total of 10,120,000 shares. Based on an average daily trading volume, of 9,840,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.5% of the shares of the company are short sold.
View Telefonaktiebolaget LM Ericsson (publ)'s Short Interest
.

When is Telefonaktiebolaget LM Ericsson (publ)'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our ERIC earnings forecast
.

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

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) posted its quarterly earnings results 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 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 8.99% and a trailing twelve-month return on equity of 20.53%. The firm's revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS.

How often does Telefonaktiebolaget LM Ericsson (publ) pay dividends? What is the dividend yield for Telefonaktiebolaget LM Ericsson (publ)?

Telefonaktiebolaget LM Ericsson (publ) announced a dividend on Wednesday, September 7th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.076 per share on Friday, September 30th. The ex-dividend date of this dividend 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 $0.15 per share and currently has a dividend yield of 2.35%. The dividend payout ratio is 20.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERIC will have a dividend payout ratio of 24.19% 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 retail and institutional investors. Top institutional shareholders include Credit Suisse AG (0.15%), Optiver Holding B.V. (0.00%), Group One Trading L.P. (0.00%), Henry James International Management Inc. (0.01%), Russell Investments Group Ltd. (0.01%) and George Kaiser Family Foundation (0.01%).

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 $6.52.

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

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) has a market capitalization of $21.71 billion and generates $27.08 billion in revenue each year. The communications equipment provider earns $2.65 billion in net income (profit) each year or $0.72 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, Datacenter i Mjärdevi Aktiebolag, Datacenter i Rosersberg AB, Drutt Corporation, Entrisphere, Envivio, Ericpol, Ericsson (China) Company Ltd., Ericsson (Malaysia) Sdn. Bhd., Ericsson (Thailand) Ltd., Ericsson A/S, Ericsson AB, Ericsson AG, Ericsson Amplified Technologies, Ericsson Austria GmbH, Ericsson Canada Inc., Ericsson Corporatia AO, Ericsson Credit AB, Ericsson Danmark A/S, Ericsson España S.A., Ericsson Germany GmbH, Ericsson Holding II Inc., Ericsson Holding International B.V., Ericsson Holdings Ltd., Ericsson Hungary Ltd., Ericsson India Global Services PVT. Ltd, Ericsson India Private Ltd., Ericsson Ltd., Ericsson Media Solutions Ltd, Ericsson Participations France SAS, Ericsson Shared Services AB, Ericsson South Africa PTY. Ltd, Ericsson Taiwan Ltd., Ericsson Telecom S.A. de C.V., Ericsson Telecommunications Pte. Ltd., Ericsson Telecomunicazioni S.p.A., Ericsson Television, Ericsson Television AS, Ericsson-LG CO Ltd., FYI Television, Fabrix Systems, GEOSS, L M Ericsson Limited, LHS AG, Marconi Corporation plc, MetraTech, Microsoft Mediaroom, 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 12/2/2022 by MarketBeat.com Staff