FY2027 EPS Estimates for Nokia Oyj Reduced by Zacks Research

Nokia Oyj (NYSE:NOK) – Equities researchers at Zacks Research decreased their FY2027 earnings per share estimates for Nokia Oyj in a note issued to investors on Wednesday, March 26th. Zacks Research analyst R. Department now expects that the technology company will post earnings per share of $0.42 for the year, down from their prior forecast of $0.43. The consensus estimate for Nokia Oyj’s current full-year earnings is $0.34 per share.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Craig Hallum raised their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Finally, The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Trading Up 1.2 %

NOK opened at $5.28 on Monday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48. The stock has a market cap of $28.76 billion, a PE ratio of 21.10, a PEG ratio of 6.43 and a beta of 1.11. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $4.97 and a 200-day moving average of $4.63.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%.

Institutional Trading of Nokia Oyj

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. raised its stake in Nokia Oyj by 29.9% in the fourth quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock worth $3,060,000 after buying an additional 158,935 shares in the last quarter. Quantbot Technologies LP bought a new stake in Nokia Oyj during the fourth quarter valued at about $2,116,000. FMR LLC raised its holdings in Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after purchasing an additional 27,755,460 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Nokia Oyj during the third quarter valued at about $1,417,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Nokia Oyj by 14.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock valued at $226,000 after buying an additional 6,395 shares in the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

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.