Zacks Research Decreases Earnings Estimates for Nokia Oyj

Nokia Oyj (NYSE:NOK) – Research analysts at Zacks Research decreased their FY2027 EPS estimates for shares of Nokia Oyj in a research note issued on Wednesday, March 26th. Zacks Research analyst R. Department now anticipates that the technology company will earn $0.42 per share for the year, down from their previous estimate of $0.43. The consensus estimate for Nokia Oyj’s current full-year earnings is $0.34 per share.

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

Nokia Oyj Price Performance

NOK stock opened at $5.22 on Monday. The business’s fifty day moving average price is $4.96 and its 200 day moving average price is $4.62. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.48. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $28.44 billion, a PE ratio of 20.86, a P/E/G ratio of 6.43 and a beta of 1.11.

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

Institutional Investors Weigh In On Nokia Oyj

A number of large investors have recently modified their holdings of NOK. FMR LLC lifted its position in shares of Nokia Oyj by 1,012.3% during the 3rd 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 during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Nokia Oyj by 179.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 29,058,227 shares of the technology company’s stock valued at $128,728,000 after buying an additional 18,660,482 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Nokia Oyj during the 4th quarter worth about $53,481,000. Freestone Grove Partners LP acquired a new position in shares of Nokia Oyj during the 4th quarter worth about $33,348,000. Finally, Woodline Partners LP increased its holdings in shares of Nokia Oyj by 125.4% in the 4th quarter. Woodline Partners LP now owns 12,000,442 shares of the technology company’s stock valued at $53,162,000 after acquiring an additional 6,677,017 shares during the last quarter. 5.28% of the stock is owned by hedge funds and other institutional investors.

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.