NASDAQ:ERIC Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock Price, News & Analysis $6.69 +0.14 (+2.14%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$6.58▼$6.7050-Day Range$5.77▼$6.7652-Week Range$4.33▼$6.81Volume16.45 million shsAverage Volume17.63 million shsMarket Capitalization$22.30 billionP/E RatioN/ADividend Yield2.54%Price Target$5.90 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Telefonaktiebolaget LM Ericsson (publ) alerts: Email Address Telefonaktiebolaget LM Ericsson (publ) MarketRank™ Stock AnalysisAnalyst RatingReduce1.75 Rating ScoreUpside/Downside11.8% Downside$5.90 Price TargetShort InterestHealthy0.85% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.48Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth48.57%From $0.35 to $0.52 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.12 out of 5 starsComputer And Technology Sector533rd out of 612 stocksRadio & T.V. Communications Equipment Industry19th out of 19 stocks 0.9 Analyst's Opinion Consensus RatingTelefonaktiebolaget LM Ericsson (publ) has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 1 buy rating, 1 hold rating, and 2 sell ratings.Amount of Analyst CoverageTelefonaktiebolaget LM Ericsson (publ) has only been the subject of 1 research reports in the past 90 days.Read more about Telefonaktiebolaget LM Ericsson (publ)'s stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.85% of the float of Telefonaktiebolaget LM Ericsson (publ) has been sold short.Short Interest Ratio / Days to CoverTelefonaktiebolaget LM Ericsson (publ) has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Telefonaktiebolaget LM Ericsson (publ) has recently decreased by 13.78%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldTelefonaktiebolaget LM Ericsson (publ) pays a meaningful dividend of 2.56%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTelefonaktiebolaget LM Ericsson (publ) does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Telefonaktiebolaget LM Ericsson (publ) will have a dividend payout ratio of 32.69% next year. This indicates that Telefonaktiebolaget LM Ericsson (publ) will be able to sustain or increase its dividend.Read more about Telefonaktiebolaget LM Ericsson (publ)'s dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ERIC. Previous Next 1.9 News and Social Media Coverage News SentimentTelefonaktiebolaget LM Ericsson (publ) has a news sentiment score of 0.48. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Telefonaktiebolaget LM Ericsson (publ) this week, compared to 5 articles on an average week.Search InterestOnly 8 people have searched for ERIC on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows7 people have added Telefonaktiebolaget LM Ericsson (publ) to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Telefonaktiebolaget LM Ericsson (publ) insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 7.99% of the stock of Telefonaktiebolaget LM Ericsson (publ) is held by institutions.Read more about Telefonaktiebolaget LM Ericsson (publ)'s insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Telefonaktiebolaget LM Ericsson (publ) are expected to grow by 48.57% in the coming year, from $0.35 to $0.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is -6.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Telefonaktiebolaget LM Ericsson (publ) is -6.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioTelefonaktiebolaget LM Ericsson (publ) has a P/B Ratio of 2.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Telefonaktiebolaget LM Ericsson (publ)'s valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. About Telefonaktiebolaget LM Ericsson (publ) Stock (NASDAQ:ERIC)Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other. The Networks segment offers radio access network (RAN) solutions for various network spectrum bands, including purpose-built and open RAN-prepared hardware and software. This segment also provides cloud RAN; transport solutions; passive and active antennas; and a range of service portfolios covering network deployment and support. The Cloud Software and Services segment offers core networks, business and operational support systems, network design and optimization, and managed network services. The Enterprise segment offers a global communications platform, including cloud-based unified communications as a service, contact center as a service, and communications platform as a service; enterprise wireless solutions comprising private wireless networks and wireless wan pre-packaged solutions; and technologies and new business solutions, such as mobile financial services, security solutions, and advertising services. The Other segment includes Redbee media that prepares and distributes live and video services for broadcasters, sports leagues, and communications service providers. It offers its services through wholesalers and distributors. The company was formerly known as Allmanna Telefon AB LM Ericsson and changed its name to Telefonaktiebolaget LM Ericsson (publ) in January 1926. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.Read More ERIC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ERIC Stock News HeadlinesJuly 25 at 8:30 AM | prnewswire.comVonage Launches Intelligent SIP CapabilitiesJuly 22, 2024 | markets.businessinsider.comDeutsche Numis Reaffirms Their Hold Rating on Telefonaktiebolaget LM Ericsson Class B (0O87)July 27, 2024 | Weiss Ratings (Ad)Nvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.July 21, 2024 | wsj.comTelefon AB L.M. Ericsson Series AJuly 17, 2024 | americanbankingnews.comTelefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Reaches New 1-Year High on Analyst UpgradeJuly 15, 2024 | prnewswire.comEricsson and OPPO sign global patent cross license agreementJuly 12, 2024 | investopedia.comEricsson Gets a Lift From North American DemandJuly 12, 2024 | cnbc.comEricsson shares jump 6% as sales fall less than expected, North America returns to growthJuly 27, 2024 | Weiss Ratings (Ad)Nvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.July 12, 2024 | prnewswire.comEricsson reports second quarter results 2024July 4, 2024 | reuters.comEricsson shares fall after another $1 billion Vonage impairment chargeJuly 3, 2024 | prnewswire.comEricsson announces non-cash impairment charge mainly relating to VonageJuly 3, 2024 | reuters.comEricsson to record $1.1 billion impairment charge related to Vonage acquisitionJuly 2, 2024 | prnewswire.comEricsson appoints Patrick Johansson Head of Market Area Middle East & AfricaJuly 2, 2024 | investorplace.comThe 3 Best 6G Stocks to Buy in July 2024June 27, 2024 | businesswire.comVonage Positioned as a Leader in the 2024 GartnerⓇ Magic Quadrant™ for Communications Platform as a Service for the Second Year in a RowJune 27, 2024 | prnewswire.comVonage Positioned as a Leader in the 2024 Gartner® Magic Quadrant™ for Communications Platform as a Service for the Second Year in a RowJune 27, 2024 | prnewswire.comInvitation to media and analyst briefing for Ericsson Q2 2024 reportSee More Headlines 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. Email Address Company Calendar Last Earnings1/22/2024Today7/26/2024Next Earnings (Estimated)10/15/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Radio & t.v. communications equipment Sub-IndustryN/A Current SymbolNASDAQ:ERIC CUSIPN/A CIK717826 Webwww.ericsson.com Phone(610) 719-0000Fax46-8719-4222Employees99,952Year Founded1876Price Target and Rating Average Stock Price Target$5.90 High Stock Price Target$5.90 Low Stock Price Target$5.90 Potential Upside/Downside-11.8%Consensus RatingReduce Rating Score (0-4)1.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.99) Trailing P/E RatioN/A Forward P/E Ratio19.11 P/E GrowthN/ANet Income$-2,493,860,000.00 Net Margins-14.13% Pretax Margin-13.99% Return on Equity11.39% Return on Assets3.79% Debt Debt-to-Equity Ratio0.39 Current Ratio1.14 Quick Ratio0.90 Sales & Book Value Annual Sales$24.83 billion Price / Sales0.90 Cash Flow$0.79 per share Price / Cash Flow8.48 Book Value$2.31 per share Price / Book2.90Miscellaneous Outstanding Shares3,332,670,000Free FloatN/AMarket Cap$22.30 billion OptionableOptionable Beta0.84 Social Links 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. E. Borje Ekholm MBA (Age 61)MSc, President, CEO & Director Comp: $30.5MMr. Fredrik Jejdling (Age 55)Executive VP, Head of Business Area Network & Head of Segment Networks Comp: $12.91MMr. Lars Sandstrom M.Sc. (Age 52)Senior VP & CFO Mr. Chris Houghton (Age 58)Senior VP, COO and Head of Business Area Technology & New Businesses Ms. Eva-Britt AlleniusChief Accounting OfficerMr. Erik Ekudden (Age 56)Senior VP, CTO & Head of Group Function Technology Daniel MorrisHead of Investor RelationsMr. Scott Dresser (Age 57)Senior VP, Chief Legal Officer, Head of Group Function Legal Affairs and Secretary Ms. Rebecca RohrChief Compliance OfficerPeter OlofssonHead of Corporate CommunicationsMore ExecutivesKey CompetitorsMotorola SolutionsNYSE:MSINokia OyjNYSE:NOKUbiquitiNYSE:UIViasatNASDAQ:VSATHarmonicNASDAQ:HLITView All CompetitorsInstitutional OwnershipAtomi Financial Group Inc.Bought 21,482 shares on 7/26/2024Ownership: 0.001%Checchi Capital Advisers LLCBought 13,227 shares on 7/26/2024Ownership: 0.000%Allspring Global Investments Holdings LLCBought 2,458 shares on 7/26/2024Ownership: 0.000%Hennessy Advisors Inc.Bought 5,658 shares on 7/23/2024Ownership: 0.001%Blue Trust Inc.Bought 11,791 shares on 7/18/2024Ownership: 0.000%View All Institutional Transactions ERIC Stock Analysis - Frequently Asked Questions How have ERIC shares performed this year? Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $6.30 on January 1st, 2024. Since then, ERIC stock has increased by 6.2% and is now trading at $6.69. View the best growth stocks for 2024 here. How were Telefonaktiebolaget LM Ericsson (publ)'s earnings last quarter? Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) released its quarterly earnings results on Monday, January, 22nd. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The communications equipment provider earned $6.76 billion during the quarter, compared to the consensus estimate of $7.04 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 14.13% and a positive trailing twelve-month return on equity of 11.39%. 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. Does Telefonaktiebolaget LM Ericsson (publ) have any subsidiaries? Telefonaktiebolaget LM Ericsson (publ) subsidiaries include these companies: CradlePoint, Genaker, CENX, Allolio&Konrad, Ericpol, NodePrime, FYI Television, and others. Who are Telefonaktiebolaget LM Ericsson (publ)'s major shareholders? Top institutional shareholders of Telefonaktiebolaget LM Ericsson (publ) include Gateway Investment Advisers LLC (0.02%), SG Americas Securities LLC (0.01%), QRG Capital Management Inc. (0.01%) and NorthCrest Asset Manangement LLC. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Telefonaktiebolaget LM Ericsson (publ) own? Based on aggregate information from My MarketBeat watchlists, some other companies that Telefonaktiebolaget LM Ericsson (publ) investors own include Nokia Oyj (NOK), NVIDIA (NVDA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Intel (INTC) and Micron Technology (MU). This page (NASDAQ:ERIC) was last updated on 7/27/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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