$0.10 EPS Expected for Nokia Oyj (NYSE:NOK) This Quarter

Analysts expect that Nokia Oyj (NYSE:NOKGet Rating) will announce $0.10 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Nokia Oyj’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.10. Nokia Oyj posted earnings per share of $0.11 in the same quarter last year, which indicates a negative year-over-year growth rate of 9.1%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Nokia Oyj will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.45. For the next financial year, analysts expect that the firm will report earnings of $0.44 per share, with EPS estimates ranging from $0.40 to $0.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Nokia Oyj.

Nokia Oyj (NYSE:NOKGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The technology company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.27 billion. Nokia Oyj had a return on equity of 13.43% and a net margin of 7.27%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS.

A number of equities research analysts have recently issued reports on the company. UBS Group cut their target price on Nokia Oyj from €6.20 ($6.67) to €5.80 ($6.24) and set a “buy” rating on the stock in a research report on Friday. StockNews.com lowered Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group started coverage on Nokia Oyj in a research report on Thursday, March 17th. They set a “buy” rating on the stock. Societe Generale dropped their price target on Nokia Oyj from €6.70 ($7.20) to €6.10 ($6.56) and set a “buy” rating on the stock in a research report on Friday. Finally, Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a research report on Monday, February 7th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Nokia Oyj has an average rating of “Buy” and a consensus target price of $6.95.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC boosted its stake in shares of Nokia Oyj by 99.8% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 486,425 shares of the technology company’s stock worth $2,651,000 after acquiring an additional 243,000 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Nokia Oyj by 43.7% during the 3rd quarter. Renaissance Technologies LLC now owns 3,469,380 shares of the technology company’s stock worth $18,908,000 after acquiring an additional 1,055,643 shares in the last quarter. CWM LLC bought a new stake in shares of Nokia Oyj during the 4th quarter worth about $48,000. NewEdge Wealth LLC bought a new stake in shares of Nokia Oyj during the 4th quarter worth about $88,000. Finally, Private Capital Group LLC boosted its stake in shares of Nokia Oyj by 127.6% during the 4th quarter. Private Capital Group LLC now owns 11,927 shares of the technology company’s stock worth $74,000 after acquiring an additional 6,687 shares in the last quarter. Institutional investors own 14.65% of the company’s stock.

Shares of Nokia Oyj stock traded up $0.14 on Monday, reaching $5.04. 42,409,386 shares of the company were exchanged, compared to its average volume of 23,845,856. The stock has a fifty day moving average price of $5.22 and a 200-day moving average price of $5.63. The firm has a market capitalization of $28.40 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 1.16 and a beta of 0.80. The company has a current ratio of 1.62, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. Nokia Oyj has a fifty-two week low of $4.51 and a fifty-two week high of $6.40.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 17th. Stockholders of record on Tuesday, May 3rd will be paid a dividend of $0.021 per share. The ex-dividend date of this dividend is Monday, May 2nd. This represents a $0.08 annualized dividend and a dividend yield of 1.67%.

About Nokia Oyj (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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