Nokia Oyj (NOK) Scheduled to Post Earnings on Thursday

Nokia Oyj (NYSE:NOK) is set to release its earnings data before the market opens on Thursday, April 18th. Analysts expect Nokia Oyj to post earnings of $0.06 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Nokia Oyj had a net margin of 2.99% and a return on equity of 7.60%. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period last year, the company posted $0.16 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.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $3.41 on Thursday. Nokia Oyj has a one year low of $2.94 and a one year high of $4.97. The company’s 50-day moving average is $3.56 and its 200 day moving average is $3.49. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.66.

Hedge Funds Weigh In On Nokia Oyj

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Nokia Oyj by 9.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 40,918,648 shares of the technology company’s stock worth $223,416,000 after buying an additional 3,569,621 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Nokia Oyj by 35.1% in the first quarter. Renaissance Technologies LLC now owns 28,586,180 shares of the technology company’s stock worth $140,358,000 after buying an additional 7,419,900 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Nokia Oyj by 55.0% in the fourth quarter. Millennium Management LLC now owns 27,742,934 shares of the technology company’s stock worth $128,727,000 after buying an additional 9,842,934 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Nokia Oyj by 93.1% in the first quarter. BlackRock Inc. now owns 11,039,382 shares of the technology company’s stock worth $54,203,000 after buying an additional 5,321,714 shares during the last quarter. Finally, Morgan Stanley raised its stake in Nokia Oyj by 13.2% during the 3rd quarter. Morgan Stanley now owns 9,446,611 shares of the technology company’s stock worth $35,330,000 after acquiring an additional 1,101,549 shares during the period. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “buy” rating to a “neutral” rating and cut their price objective for the company from $5.10 to $3.40 in a research report on Monday, December 18th. BNP Paribas assumed coverage on shares of Nokia Oyj in a research report on Friday, January 12th. They set a “neutral” rating on the stock. Barclays downgraded shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. Raymond James dropped their price target on shares of Nokia Oyj from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, December 13th. Finally, Citigroup reaffirmed a “sell” rating on shares of Nokia Oyj in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.06.

About Nokia Oyj

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.