Nokia Oyj (NOK) Set to Announce Quarterly Earnings on Thursday

Nokia Oyj (NYSE:NOK) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 18th. Analysts expect Nokia Oyj to post earnings of $0.06 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Nokia Oyj had a return on equity of 7.60% and a net margin of 2.99%. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the company posted $0.16 EPS. 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 Trading Up 0.8 %

Shares of NOK stock opened at $3.33 on Wednesday. Nokia Oyj has a 52-week low of $2.94 and a 52-week high of $4.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.66. The firm has a market capitalization of $18.73 billion, a PE ratio of 27.71, a PEG ratio of 0.93 and a beta of 1.09. The stock has a fifty day simple moving average of $3.54 and a two-hundred day simple moving average of $3.47.

Hedge Funds Weigh In On Nokia Oyj

A number of institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its holdings in Nokia Oyj by 9.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 40,918,648 shares of the technology company’s stock valued at $223,416,000 after buying an additional 3,569,621 shares during the period. Renaissance Technologies LLC increased its holdings in Nokia Oyj by 35.1% during the first quarter. Renaissance Technologies LLC now owns 28,586,180 shares of the technology company’s stock valued at $140,358,000 after buying an additional 7,419,900 shares during the period. Millennium Management LLC increased its holdings in Nokia Oyj by 55.0% during the fourth quarter. Millennium Management LLC now owns 27,742,934 shares of the technology company’s stock valued at $128,727,000 after buying an additional 9,842,934 shares during the period. BlackRock Inc. increased its holdings in Nokia Oyj by 93.1% during the first quarter. BlackRock Inc. now owns 11,039,382 shares of the technology company’s stock valued at $54,203,000 after buying an additional 5,321,714 shares during the period. Finally, Morgan Stanley grew its holdings in Nokia Oyj by 13.2% in the third quarter. Morgan Stanley now owns 9,446,611 shares of the technology company’s stock worth $35,330,000 after purchasing an additional 1,101,549 shares during the last quarter. 5.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NOK. JPMorgan Chase & Co. dropped their price objective on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a report on Tuesday. BNP Paribas began coverage on shares of Nokia Oyj in a report on Friday, January 12th. They set a “neutral” rating for the company. Finally, Barclays downgraded shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.42.

About Nokia Oyj

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.