Nokia Oyj (NYSE:NOK) Expected to Post Earnings of $0.03 Per Share

Brokerages forecast that Nokia Oyj (NYSE:NOK) will post $0.03 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Nokia Oyj’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.04. Nokia Oyj reported earnings of $0.06 per share in the same quarter last year, which would indicate a negative year over year growth rate of 50%. The company is expected to issue its next earnings results on Thursday, July 23rd.

According to Zacks, analysts expect that Nokia Oyj will report full-year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.23 to $0.25. For the next financial year, analysts expect that the firm will post earnings of $0.34 per share, with EPS estimates ranging from $0.31 to $0.36. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Nokia Oyj.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, April 30th. The technology company reported $0.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. Nokia Oyj had a net margin of 1.43% and a return on equity of 9.14%. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.78 billion.

A number of research analysts recently weighed in on the stock. MKM Partners decreased their target price on shares of Nokia Oyj from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Deutsche Bank reaffirmed a “buy” rating on shares of Nokia Oyj in a research report on Thursday. Northland Securities reiterated a “buy” rating and issued a $6.00 price target on shares of Nokia Oyj in a research note on Friday, April 17th. Goldman Sachs Group upgraded shares of Nokia Oyj from a “sell” rating to a “neutral” rating and set a $2.90 price target for the company in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price target for the company from $4.20 to $5.50 in a research note on Monday, June 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $4.59.

Shares of NOK stock traded down $0.11 during trading hours on Friday, hitting $4.34. 40,903,981 shares of the company were exchanged, compared to its average volume of 33,728,964. The business has a 50 day moving average of $4.02 and a two-hundred day moving average of $3.72. The company has a current ratio of 1.37, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. Nokia Oyj has a 52 week low of $2.34 and a 52 week high of $5.77. The company has a market capitalization of $24.97 billion, a PE ratio of 62.00, a PEG ratio of 1.38 and a beta of 0.56.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Altavista Wealth Management Inc. lifted its stake in shares of Nokia Oyj by 4.3% during the 4th quarter. Altavista Wealth Management Inc. now owns 67,200 shares of the technology company’s stock worth $249,000 after buying an additional 2,800 shares during the last quarter. Headinvest LLC lifted its stake in shares of Nokia Oyj by 20.0% during the 1st quarter. Headinvest LLC now owns 18,000 shares of the technology company’s stock worth $103,000 after buying an additional 3,000 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Nokia Oyj by 0.5% during the 1st quarter. AlphaMark Advisors LLC now owns 566,321 shares of the technology company’s stock worth $1,756,000 after buying an additional 3,062 shares during the last quarter. Lincoln National Corp lifted its stake in shares of Nokia Oyj by 24.4% during the 4th quarter. Lincoln National Corp now owns 15,826 shares of the technology company’s stock worth $59,000 after buying an additional 3,100 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Nokia Oyj by 1.5% during the 1st quarter. US Bancorp DE now owns 222,024 shares of the technology company’s stock worth $688,000 after buying an additional 3,299 shares during the last quarter. Institutional investors own 4.50% of the company’s stock.

Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

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