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NASDAQ:ERIC

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

$4.86
+0.07 (+1.46%)
(As of 02:04 PM ET)
Today's Range
$4.82
$5.12
50-Day Range
$4.79
$5.74
52-Week Range
$4.33
$6.36
Volume
45.55 million shs
Average Volume
17.18 million shs
Market Capitalization
$16.18 billion
P/E Ratio
N/A
Dividend Yield
3.50%
Price Target
$5.90

Telefonaktiebolaget LM Ericsson (publ) MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
21.4% Upside
$5.90 Price Target
Short Interest
Healthy
1.02% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.43mentions of Telefonaktiebolaget LM Ericsson (publ) in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
35.71%
From $0.42 to $0.57 Per Share

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.

1.60 out of 5 stars

Computer And Technology Sector

480th out of 592 stocks

Radio & T.V. Communications Equipment Industry

17th out of 19 stocks

ERIC stock logo

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.

ERIC Stock Price History

ERIC Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Ericsson reports first quarter results 2024
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Telefonaktiebolaget LM Ericsson (publ) (ERCG.DE)
ERIXF Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget L M Ericsson's Dividend Analysis
Vonage to Launch Enhanced Noise Cancellation
See More Headlines
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Company Calendar

Last Earnings
1/22/2024
Dividend Payable
4/03/2024
Ex-Dividend for 4/3 Dividend
4/04/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:ERIC
Employees
99,952
Year Founded
1876

Price Target and Rating

Average Stock Price Target
$5.90
High Stock Price Target
$5.90
Low Stock Price Target
$5.90
Potential Upside/Downside
+23.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$-2,493,860,000.00
Pretax Margin
-8.85%

Debt

Sales & Book Value

Annual Sales
$24.83 billion
Cash Flow
$0.76 per share
Book Value
$2.76 per share

Miscellaneous

Outstanding Shares
3,330,000,000
Free Float
N/A
Market Cap
$15.95 billion
Optionable
Optionable
Beta
0.76

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Key Executives

  • Mr. E. Borje Ekholm MBA (Age 61)
    MSc, President, CEO & Director
    Comp: $30.5M
  • Mr. Fredrik Jejdling (Age 55)
    Executive VP, Head of Business Area Network & Head of Segment Networks
    Comp: $12.91M
  • Mr. Carl Mellander (Age 60)
    Senior VP, CFO and Head of Group Function Finance & Common Functions
  • Mr. Chris Houghton (Age 58)
    Senior VP, COO and Head of Business Area Technology & New Businesses
  • Ms. Eva-Britt Allenius
    Chief Accounting Officer
  • Mr. Erik Ekudden (Age 56)
    Senior VP, CTO & Head of Group Function Technology
  • Mr. Peter Nyquist (Age 59)
    VP & Head of Investor Relations
  • Mr. Scott Dresser (Age 57)
    Senior VP, Chief Legal Officer, Head of Group Function Legal Affairs and Secretary
  • Ms. Rebecca Rohr
    Chief Compliance Officer
  • Peter Olofsson
    Head of Corporate Communications

ERIC Stock Analysis - Frequently Asked Questions

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson (publ) in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" ERIC shares.
View ERIC analyst ratings
or view top-rated stocks.

What is Telefonaktiebolaget LM Ericsson (publ)'s stock price target for 2024?

5 equities research analysts have issued 12 month price targets for Telefonaktiebolaget LM Ericsson (publ)'s shares. Their ERIC share price targets range from $5.90 to $5.90. On average, they predict the company's share price to reach $5.90 in the next year. This suggests a possible upside of 21.4% 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 2024?

Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $6.30 at the start of the year. Since then, ERIC shares have decreased by 22.9% and is now trading at $4.86.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 16th 2024.
View our ERIC earnings forecast
.

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 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The communications equipment provider had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.04 billion. Telefonaktiebolaget LM Ericsson (publ) had a positive trailing twelve-month return on equity of 11.77% and a negative net margin of 9.82%. During the same period in the previous 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 Tuesday, January 23rd. Investors of record on Friday, April 5th will be given a dividend of $0.1293 per share on Wednesday, April 3rd. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from the stock's previous dividend of $0.08.
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 3.49%.
Read our dividend analysis for ERIC.

What ETF holds Telefonaktiebolaget LM Ericsson (publ)'s stock?

Defiance Next Gen Connectivity ETF holds 3,364,961 shares of ERIC stock, representing 2.66% of its portfolio.

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).

Who are Telefonaktiebolaget LM Ericsson (publ)'s major shareholders?

Telefonaktiebolaget LM Ericsson (publ)'s stock is owned by a number of institutional and retail investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.00%), First Affirmative Financial Network (0.00%), Hennessy Advisors Inc. (0.00%), Aprio Wealth Management LLC (0.00%) and NBC 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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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This page (NASDAQ:ERIC) was last updated on 4/16/2024 by MarketBeat.com Staff

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