Q3 2024 Earnings Estimate for Nokia Oyj (NYSE:NOK) Issued By Northland Capmk

Nokia Oyj (NYSE:NOK) – Equities research analysts at Northland Capmk lowered their Q3 2024 earnings per share estimates for shares of Nokia Oyj in a research note issued to investors on Friday, July 19th. Northland Capmk analyst T. Savageaux now expects that the technology company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.09. The consensus estimate for Nokia Oyj’s current full-year earnings is $0.37 per share. Northland Capmk also issued estimates for Nokia Oyj’s Q4 2024 earnings at $0.14 EPS and FY2024 earnings at $0.36 EPS.

A number of other analysts have also issued reports on NOK. JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.89.

Nokia Oyj Stock Down 0.7 %

Shares of NYSE:NOK opened at $3.72 on Monday. The stock’s 50-day moving average price is $3.83 and its two-hundred day moving average price is $3.66. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 0.13. Nokia Oyj has a 12-month low of $2.94 and a 12-month high of $4.09. The firm has a market cap of $20.52 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.18 and a beta of 1.12.

Hedge Funds Weigh In On Nokia Oyj

Several hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. raised its holdings in shares of Nokia Oyj by 8.6% during the 4th quarter. Assetmark Inc. now owns 35,092 shares of the technology company’s stock valued at $120,000 after buying an additional 2,788 shares during the period. First Affirmative Financial Network raised its holdings in shares of Nokia Oyj by 10.3% during the 1st quarter. First Affirmative Financial Network now owns 31,351 shares of the technology company’s stock valued at $111,000 after buying an additional 2,932 shares during the period. Banque Cantonale Vaudoise raised its holdings in shares of Nokia Oyj by 48.2% during the 1st quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock valued at $33,000 after buying an additional 3,000 shares during the period. Gallacher Capital Management LLC raised its holdings in shares of Nokia Oyj by 4.5% during the 4th quarter. Gallacher Capital Management LLC now owns 71,221 shares of the technology company’s stock valued at $244,000 after buying an additional 3,069 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in shares of Nokia Oyj by 3.9% during the 2nd quarter. V Square Quantitative Management LLC now owns 83,509 shares of the technology company’s stock valued at $328,000 after buying an additional 3,097 shares during the period. 5.28% of the stock is owned by institutional investors and hedge funds.

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.