Zacks: Brokerages expect Nokia Oyj (NYSE: NOK) to report earnings of $0.10 per share
Equity research analysts expect Nokia Oyj (NYSE: NOK – Get Rating) to report earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Nokia Oyj. The lowest EPS estimate is $0.09 and the highest is $0.10. Nokia Oyj reported earnings of $0.11 per share in the same quarter last year, indicating a negative 9.1% year-over-year growth rate. The company is due to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect Nokia Oyj to report annual earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.46. For next year, analysts expect the company to post earnings of $0.47 per share, with EPS estimates ranging from $0.42 to $0.53. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts who provide coverage for Nokia Oyj.
Nokia Oyj (NYSE: NOK – Get Rating) last announced its quarterly results on Thursday, April 28. The technology company reported earnings per share of $0.08 for the quarter, beating consensus analyst estimates of $0.07 by $0.01. Nokia Oyj had a return on equity of 12.81% and a net margin of 7.01%. The company posted revenue of $5.35 billion in the quarter, versus $5.27 billion expected by analysts. In the same quarter last year, the company posted earnings per share of $0.08. The company’s revenue for the quarter increased 5.4% year over year.
Several brokerages have recently commented on NOK. Raymond James upgraded Nokia Oyj from a “market performer” rating to an “outperformer” rating and set a target price of $6.50 for the company in a Monday, March 14 research report. UBS Group cut its price target on Nokia Oyj from €6.20 ($6.67) to €5.80 ($6.24) and set a “buy” rating on the stock in a report of research from Friday, April 29. TheStreet downgraded Nokia Oyj from a “b-” rating to a “c” rating in a research report on Thursday, April 28. Deutsche Bank Aktiengesellschaft cut its price target on Nokia Oyj from €6.50 ($6.99) to €6.00 ($6.45) and set a “buy” rating for the company in a memo. research of Wednesday, May 18. Finally, Zacks Investment Research upgraded Nokia Oyj from a “sell” rating to a “hold” rating and set a price target of $7.00 for the company in a Monday, February 7 research report. Three analysts gave the stock a hold rating and thirteen gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $6.87.
Shares of NYSE:NOK traded down $0.05 during Friday’s midday session, hitting $5.04. 29,687,875 shares of the company were traded, against an average volume of 33,411,056. The company has a market capitalization of $28.40 billion, a P/E ratio of 15.75 and a beta of 0.80. . The company has a debt ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.58. Nokia Oyj has a 52-week low of $4.51 and a 52-week high of $6.40. The company’s 50-day simple moving average is $5.13 and its 200-day simple moving average is $5.48.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17. Shareholders of record on Tuesday, May 3 received a dividend of $0.021 per share. The ex-dividend date was Monday, May 2. This represents an annualized dividend of $0.08 and a yield of 1.67%. Nokia Oyj’s dividend payout ratio is currently 3.13%.
Several large investors have recently changed their NOK positions. Renaissance Technologies LLC increased its position in Nokia Oyj by 568.4% during the fourth quarter. Renaissance Technologies LLC now owns 23,189,380 shares of the technology company valued at $144,238,000 after acquiring an additional 19,720,000 shares in the last quarter. Capital International Investors purchased a new stake in Nokia Oyj in Q4, valued at approximately $52,361,000. Stonegate Investment Group LLC bought a new stock position in Nokia Oyj during Q4, valued at approximately $35,134,000. Bank of New York Mellon Corp increased its position in Nokia Oyj shares by 23.2% during the third quarter. Bank of New York Mellon Corp now owns 25,293,502 shares of the technology company valued at $137,850,000 after acquiring an additional 4,763,963 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Nokia Oyj shares by 9.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 40,918,648 shares of the technology company valued at $223,416,000 after acquiring an additional 3,569,621 shares during the period. Institutional investors hold 16.25% of the company’s shares.
Nokia Oyj company profile (Get a 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 links for transport networks.
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