Nokia Oyj (NOK) Scheduled to Post Quarterly Earnings on Thursday

Nokia Oyj (NYSE:NOKGet Rating) is scheduled to announce its earnings results before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $0.07 per share for the quarter.

Nokia Oyj (NYSE:NOKGet Rating) last issued its quarterly earnings results on Thursday, February 3rd. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.48 billion. Nokia Oyj had a return on equity of 13.43% and a net margin of 7.27%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. On average, analysts expect Nokia Oyj to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE NOK opened at $5.33 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.42 and a current ratio of 1.62. The company has a market cap of $30.03 billion, a PE ratio of 15.68, a P/E/G ratio of 1.17 and a beta of 0.80. The business has a 50-day simple moving average of $5.30 and a two-hundred day simple moving average of $5.65. Nokia Oyj has a fifty-two week low of $4.12 and a fifty-two week high of $6.40.

Several institutional investors have recently bought and sold shares of NOK. OLD Mission Capital LLC increased its position in shares of Nokia Oyj by 627.5% in the third quarter. OLD Mission Capital LLC now owns 573,534 shares of the technology company’s stock valued at $2,243,000 after buying an additional 494,694 shares in the last quarter. Morgan Stanley increased its position in shares of Nokia Oyj by 6.4% in the second quarter. Morgan Stanley now owns 4,029,042 shares of the technology company’s stock valued at $21,435,000 after buying an additional 243,343 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Nokia Oyj by 12.0% in the third quarter. BNP Paribas Arbitrage SA now owns 41,069 shares of the technology company’s stock valued at $224,000 after buying an additional 4,391 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Nokia Oyj during the fourth quarter worth approximately $269,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Nokia Oyj by 11.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,590,700 shares of the technology company’s stock worth $22,334,000 after purchasing an additional 382,954 shares in the last quarter. Institutional investors and hedge funds own 14.65% of the company’s stock.

A number of equities research analysts recently commented on NOK shares. Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a report on Monday, February 7th. Jefferies Financial Group started coverage on Nokia Oyj in a report on Thursday, March 17th. They set a “buy” rating for the company. Raymond James raised Nokia Oyj from a “market perform” rating to an “outperform” rating and set a $6.50 target price for the company in a report on Monday, March 14th. StockNews.com downgraded Nokia Oyj from a “buy” rating to a “hold” rating in a report on Saturday, April 16th. Finally, TheStreet raised Nokia Oyj from a “c” rating to a “b-” rating in a report on Tuesday, February 8th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $7.20.

Nokia Oyj Company Profile (Get Rating)

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks.

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Earnings History for Nokia Oyj (NYSE:NOK)

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