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

Nokia Oyj (NYSE:NOK) is scheduled to post its quarterly earnings results 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 participating in the company’s earnings conference call can do so using this link.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.66 billion. Nokia Oyj had a return on equity of 7.60% and a net margin of 2.99%. During the same period in the previous year, the firm earned $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 Price Performance

NYSE:NOK opened at $3.30 on Tuesday. The business’s 50-day moving average price is $3.55 and its 200 day moving average price is $3.48. The firm has a market cap of $18.56 billion, a P/E ratio of 27.46, a PEG ratio of 0.93 and a beta of 1.09. Nokia Oyj has a 52-week low of $2.94 and a 52-week high of $4.87. The company has a quick ratio of 1.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Nokia Oyj

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $34,000. Vontobel Holding Ltd. acquired a new stake in Nokia Oyj during the 1st quarter worth about $55,000. AlphaQ Advisors LLC acquired a new stake in Nokia Oyj during the 1st quarter worth about $52,000. Silverlake Wealth Management LLC acquired a new stake in Nokia Oyj during the 4th quarter worth about $49,000. Finally, Tudor Investment Corp Et Al acquired a new stake in Nokia Oyj during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BNP Paribas assumed coverage on Nokia Oyj in a report on Friday, January 12th. They set a “neutral” rating on the stock. The Goldman Sachs Group lowered Nokia Oyj from a “buy” rating to a “neutral” rating and decreased their price target for the company from $5.10 to $3.40 in a research report on Monday, December 18th. Finally, Barclays lowered Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.06.

Nokia Oyj Company Profile

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.