Telefonaktiebolaget LM Ericsson (publ) (ERIC) is expected to grow earnings and revenues in the years ahead

Telefonaktiebolaget LM Ericsson (publ) [ERIC] stock is trading at $6.23, up down -1.58%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ERIC shares have lost -7.57% over the last week, with a monthly amount drifted -14.66%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Telefonaktiebolaget LM Ericsson (publ) [NASDAQ: ERIC] stock has seen the most recent analyst activity on September 15, 2022, when Credit Suisse downgraded its rating to a Underperform. On March 09, 2022, upgrade upgraded it’s rating to Neutral. Citigroup downgraded its rating to a Neutral. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $13 as its price target on December 20, 2021. In a note dated July 19, 2021, Argus downgraded an Hold rating on this stock.

Telefonaktiebolaget LM Ericsson (publ) [ERIC] stock has fluctuated between $6.32 and $12.78 over the past year. Currently, Wall Street analysts expect the stock to reach $9.56 within the next 12 months. Telefonaktiebolaget LM Ericsson (publ) [NASDAQ: ERIC] shares were valued at $6.23 at the most recent close of the market. An investor can expect a potential return of 53.45% based on the average price forecast.

Analyzing the ERIC fundamentals

Telefonaktiebolaget LM Ericsson (publ) [NASDAQ:ERIC] reported sales of 62.47 billion for the most recent quarter, which represents a growth of 13.70%. In this publicly-traded organization, revenue per employee is $2,292,829, while income per employee is $223,979. Gross Margin for this corporation currently stands at +43.49% with Operating Margin at +14.04%, Pretax Margin comes in at +12.70%, and Net Margin reading is +9.77%. To continue investigating profitability, this company’s Return on Assets is posted at 7.81, Equity is 23.22, Total Capital is 23.91, and Invested Capital is 17.86. An extended look at the Principal structure reveals enduring liabilities to the total capital of 27.44 and enduring liabilities to assets of 13.38.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.20 points at the first support level, and at 6.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.28, and for the 2nd resistance point, it is at 6.32.

Telefonaktiebolaget LM Ericsson (publ) [ERIC] reported earnings per share of $0.14 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $-0.02 and a surprise factor of -12.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.1 per share as compared to estimates of $0.15 per share, a difference of $-0.05 representing a surprise of -33.30%.

Ratios To Look Out For

For context, Telefonaktiebolaget LM Ericsson (publ)’s Current Ratio is 1.60. Also, the Quick Ratio is 1.10, while the Cash Ratio stands at 0.53. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 3.06 and the P/E (TTM) ratio is 9.56.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 0 insider sellings of 0 shares.