Do Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Fit In A Value Investing Philosophy?

Currently, there are 3.07B common shares owned by the public and among those 3.07B shares have been available to trade.

The company’s stock has a 5-day price change of 0.36% and -13.09% over the past three months. ERIC shares are trading -12.54% year to date (YTD), with the 12-month market performance up to 0.36% higher. It has a 12-month low price of $4.33 and touched a high of $6.36 over the same period. ERIC has an average intraday trading volume of 16.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.24%, -0.52%, and 4.77% respectively.

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Institutional ownership of Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) shares accounts for 8.72% of the company’s 3.07B shares outstanding.

It has a market capitalization of $16.91B and a beta (3y monthly) value of 0.77. The earnings-per-share (ttm) stands at -$0.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.82% over the week and 1.72% over the month.

Analysts forecast that Telefonaktiebolaget L M Ericsson ADR (ERIC) will achieve an EPS of $0.05 for the current quarter, $0.07 for the next quarter and $0.56 for 2025. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.07. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 155.56%, and 29.08% over the next financial year. EPS should grow at an annualized rate of 1.50% over the next five years, compared to -26.83% over the past 5-year period.

Jefferies was of a view on December 08, 2023 that the stock is Buy, while JP Morgan gave the stock Neutral rating on November 30, 2023, issuing a price target of $7.80- $5.90. Raymond James on their part issued Mkt Perform rating on February 07, 2023.

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