Nokia Oyj (NOK) Set to Announce Earnings on Thursday

Nokia Oyj (NYSE:NOK) will be releasing its earnings data before the market opens on Thursday, October 17th. Analysts expect Nokia Oyj to post earnings of $0.07 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, July 18th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $5.12 billion. 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 Stock Up 0.9 %

NOK stock opened at $4.40 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 0.13. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.52. The firm’s 50-day simple moving average is $4.22 and its 200 day simple moving average is $3.91. The stock has a market cap of $24.30 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 5.47 and a beta of 1.12.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 price objective (up previously from $6.00) on shares of Nokia Oyj in a report on Wednesday, September 4th. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.54.

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.