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

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Nokia Oyj (NYSE:NOK) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, January 31st. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.61 billion. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 1.58%. On average, analysts expect Nokia Oyj to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NOK opened at $5.81 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.07. The stock has a market capitalization of $32.77 billion, a price-to-earnings ratio of 21.52 and a beta of 0.31. Nokia Oyj has a 52 week low of $5.07 and a 52 week high of $6.65.

A hedge fund recently raised its stake in Nokia Oyj stock. Geode Capital Management LLC increased its holdings in shares of Nokia Oyj (NYSE:NOK) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,517 shares of the technology company’s stock after purchasing an additional 6,167 shares during the quarter. Geode Capital Management LLC’s holdings in Nokia Oyj were worth $125,000 at the end of the most recent reporting period. Institutional investors own 6.85% of the company’s stock.

A number of analysts have commented on NOK shares. TheStreet upgraded Nokia Oyj from a “c+” rating to a “b-” rating in a research report on Monday, March 18th. Raymond James upgraded Nokia Oyj from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $4.75 to $7.50 in a research report on Tuesday, January 8th. Zacks Investment Research upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $5.72 price target for the company. in a research report on Monday, April 15th. Finally, Nordea Equity Research cut Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.79.

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About Nokia Oyj

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

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Earnings History for Nokia Oyj (NYSE:NOK)

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