(VIANEWS) – The NASDAQ opens in less than four hours and Ericsson‘s pre-market value is already 4.66% up.
Ericsson’s last close was $5.15, 36.02% under its 52-week high of $8.05.
The last session, NASDAQ ended with Ericsson (ERIC) jumping 0.19% to $5.15. NASDAQ rose 0.27% to $13,591.75, after two consecutive sessions in a row of gains, on what was a somewhat positive trend exchanging session.
About Ericsson
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Cloud Software and Services, Enterprise, and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. This segment also provides active antenna and transport solutions; and a range of service portfolio covering network deployment and support. The Cloud Software and Services segment offers core networks, business and operational support systems, network design and optimization, and network managed services. The Enterprise segment offers 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 comprise 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 operates in North America, Europe and Latin America, the Middle East and Africa, South East Asia, Oceania, India, North East Asia, and internationally. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.
Earnings Per Share
As for profitability, Ericsson has a trailing twelve months EPS of $0.47.
PE Ratio
Ericsson has a trailing twelve months price to earnings ratio of 10.96. Meaning, the purchaser of the share is investing $10.96 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 15.08%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 71.4% and a negative 50%, respectively.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Mar 29, 2023, the estimated forward annual dividend rate is 0.24 and the estimated forward annual dividend yield is 4.84%.
Yearly Top and Bottom Value
Ericsson’s stock is valued at $5.15 at 05:47 EST, way below its 52-week high of $8.05 and above its 52-week low of $5.01.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Ericsson’s EBITDA is 0.06.
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