Nokia Oyj (NYSE:NOK) expected to post earnings of $0.10 per share

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Wall Street brokers expect Nokia Oyj (NYSE: NOK – Get Rating) to post earnings per share (EPS) of $0.10 for the current fiscal quarter, reports Zacks Investment Research. Three analysts provided earnings estimates for Nokia Oyj, with the lowest EPS estimate of $0.09 and the highest estimate of $0.10. Nokia Oyj reported earnings of $0.11 per share in the same quarter last year, suggesting a negative 9.1% year-over-year growth rate. The company is due to release its next earnings report on Monday, January 1.

On average, analysts expect Nokia Oyj to report annual earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.46. For the next fiscal year, analysts expect the company to post earnings of $0.47 per share, with EPS estimates ranging from $0.42 to $0.53. Zacks earnings per share calculations are an average average based on a survey of research analysts who follow Nokia Oyj.

Nokia Oyj (NYSE: NOK – Get Rating) last announced its results on Thursday, April 28. The technology company reported earnings per share of $0.08 for the quarter, beating consensus analyst estimates of $0.07 by $0.01. Nokia Oyj had a net margin of 7.01% and a return on equity of 12.81%. The company posted revenue of $5.35 billion in the quarter, versus a consensus estimate of $5.27 billion. In the same quarter last year, the company earned $0.08 per share. The company’s revenue for the quarter increased 5.4% year over year.

A number of brokerages have weighed in on NOK. StockNews.com upgraded Nokia Oyj shares from a “hold” rating to a “buy” rating in a Sunday, May 15 research note. AlphaValue upgraded shares of Nokia Oyj to a “buy” rating in a Friday, May 13 report. Societe Generale cut its price target on Nokia Oyj shares from €6.70 ($7.20) to €6.10 ($6.56) and set a “buy” rating on the stock in a report from Friday, April 29. Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating and set a price target of $7.00 on the stock in a Monday, February 7 report. Finally, UBS Group reduced its price target on Nokia Oyj shares from €6.20 ($6.67) to €5.80 ($6.24) and set a “buy” rating on the action in a report on Friday, April 29. Three analysts gave the stock a hold rating and thirteen gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $6.87.

NYSE NOK shares were down $0.05 on Friday, hitting $5.04. 29,687,875 shares of the company were traded, compared to its average volume of 33,411,056. Nokia Oyj has a 12-month low of $4.51 and a 12-month high of $6.40. The company’s 50-day simple moving average is $5.13 and its two-hundred-day simple moving average is $5.48. The company has a market capitalization of $28.40 billion, a price-earnings ratio of 15.75 and a beta of 0.80. The company has a quick ratio of 1.36, a current ratio of 1.58 and a leverage ratio of 0.25.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 17. Shareholders of record on Tuesday, May 3 received a dividend of $0.021. The ex-dividend date was Monday, May 2. This represents an annualized dividend of $0.08 and a yield of 1.67%. Nokia Oyj’s payout ratio is currently 3.13%.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Cantor Fitzgerald LP bought a new position in Nokia Oyj in the first quarter for a value of approximately $308,000. Advisory Services Network LLC increased its position in Nokia Oyj shares by 7.3% during the first quarter. Advisory Services Network LLC now owns 274,078 shares of the technology company valued at $1,496,000 after purchasing an additional 18,576 shares during the period. Capital International Investors raised its position in Nokia Oyj shares by 4.8% during the first quarter. Capital International Investors now owns 8,767,686 shares of the technology company valued at $48,485,000 after purchasing an additional 403,231 shares during the period. First Republic Investment Management Inc. increased its position in shares of Nokia Oyj by 28.5% during the 1st quarter. First Republic Investment Management Inc. now owns 166,107 shares of the technology company valued at $907,000 after purchasing an additional 36,862 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Nokia Oyj shares by 5.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,775,688 shares of the technology company valued at $20,615,000 after purchasing an additional 184,988 shares during the period. Institutional investors and hedge funds hold 16.25% of the company’s shares.

About Nokia Oyj (Get a 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 links for transport networks.

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