Nokia Oyj (NYSE:NOK) Releases Earnings Results

Nokia Oyj (NYSE:NOKGet Free Report) released its quarterly earnings data on Thursday. The technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03), MarketWatch Earnings reports. Nokia Oyj had a net margin of 15.62% and a return on equity of 9.08%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the business earned $0.16 EPS.

Nokia Oyj Stock Performance

NOK stock traded up $0.03 on Friday, hitting $3.83. The company had a trading volume of 15,027,129 shares, compared to its average volume of 16,615,770. Nokia Oyj has a 12-month low of $2.94 and a 12-month high of $4.97. The company has a current ratio of 1.64, a quick ratio of 1.35 and a debt-to-equity ratio of 0.17. The stock’s 50-day simple moving average is $3.40 and its 200 day simple moving average is $3.63. The stock has a market cap of $21.57 billion, a price-to-earnings ratio of 5.47 and a beta of 1.10.

Institutional Investors Weigh In On Nokia Oyj

Several institutional investors and hedge funds have recently added to or reduced their stakes in NOK. Baird Financial Group Inc. purchased a new position in shares of Nokia Oyj during the 2nd quarter worth $85,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Nokia Oyj during the 4th quarter valued at $80,000. Advisors Asset Management Inc. lifted its stake in shares of Nokia Oyj by 124.3% during the 1st quarter. Advisors Asset Management Inc. now owns 16,339 shares of the technology company’s stock valued at $80,000 after buying an additional 9,054 shares in the last quarter. Natixis purchased a new position in shares of Nokia Oyj during the 4th quarter valued at $76,000. Finally, Zacks Investment Management purchased a new position in shares of Nokia Oyj during the 2nd quarter valued at $63,000. Hedge funds and other institutional investors own 5.26% of the company’s stock.

Analysts Set New Price Targets

NOK has been the topic of a number of research analyst reports. DNB Markets upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Citigroup reiterated a “sell” rating on shares of Nokia Oyj in a report on Friday, December 15th. BNP Paribas assumed coverage on shares of Nokia Oyj in a report on Friday, January 12th. They issued a “neutral” rating for the company. Raymond James lowered their price objective on shares of Nokia Oyj from $4.50 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, December 13th. Finally, The Goldman Sachs Group downgraded shares of Nokia Oyj from a “buy” rating to a “neutral” rating and decreased their target price for the company from $5.10 to $3.40 in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.06.

View Our Latest Report on Nokia Oyj

About Nokia Oyj

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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. It offers products and services for radio access networks and microwave radio links for transport networks, and solutions for network management, as well as network planning, optimization, network deployment, and technical support services.

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Earnings History for Nokia Oyj (NYSE:NOK)

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