Major Brokerage Firms Issue Research Notes on Telefonaktiebolaget LM Ericsson (publ) (ERIC)

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) saw an upside of 0.78% to close Friday at $11.67 after adding $0.09 on the day. The 5-day average trading volume is 6,661,540 shares of the company’s common stock. It has gained $11.73 in the past week. An average of 6,080,840 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,653,026.

ERIC’s 1-month performance is -1.35% or -$0.10 on its low of $10.88 reached on 09/20/21. The company’s shares have touched a 52-week low of $10.53 and high of $15.31, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, ERIC has lost -2.34% or -$0.28. However, the current price is down -23.80%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 2985.81 and a low of 12.96. ERIC stock has a beta of 0.33. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.47 while the price-to-book (PB) in the most recent quarter is 3.66, with the price to cash flow ratio at 19.50.

Telefonaktiebolaget LM Ericsson (publ) pays an annual dividend of $0.15 per share. Its dividend yield is 1.29% and the payout ratio is 141.40%. ERIC’s most recent quarterly dividend payment was made on Apr. 1, when it paid $0.08 a share compared with prior rate of $0.0680, up 15.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.0120 reported on Wednesday February 24 2021. Measured over the last 3 years, the Dividend has been growing by 43.11% yearly.

It is projected that Telefonaktiebolaget LM Ericsson (publ)’s next ex-dividend date will be on 1-Apr. ERIC is expected to distribute $0.098 as its next dividend.

Telefonaktiebolaget LM Ericsson (publ)’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.30 meaning that ERIC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.31, while the total debt to equity was 0.46. In terms of profitability, the gross margin trailing 12 months is 42.40%. The trailing 12-month EBITDA margin is 15.75% while for the period ending June 29; Telefonaktiebolaget LM Ericsson (publ)’s operating margin was 13.30%. The firm’s gross profit as reported stood at $10.22 billion against revenue of $25.33 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ERIC to announce $0.16 per share in earnings in its latest quarter, but it posted $0.14, representing a -12.50% surprise. EBITDA for the quarter stood at more than -$6.18 billion. ERIC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 22.51 billion

Technical Picture

Let’s look briefly at Telefonaktiebolaget LM Ericsson (publ) (ERIC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 62.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.02%.

The stock’s 5-day moving average is $11.42, reflecting a +4.48% or $0.50 change from its current price. ERIC is currently trading -0.85% above its 20-day SMA, -12.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.57% and -0.93% respectively.

Stochastic %K and %D was 71.82% and 59.50% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 55.92%, while the 14-day stochastic is at 86.59% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at 0.19 and 0.19 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC), Argus downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for ERIC stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ERIC as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 4 rates the stock as overweight while 16 have offered a “buy” rating.

What is ERIC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.95 and a high of $20.14, with their median price target at $14.93. Looking at these predictions, the average price target given by analysts is for Telefonaktiebolaget LM Ericsson (publ) (ERIC) stock is $14.89.

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