$0.04 Earnings Per Share Expected for Nokia Oyj (NOK) This Quarter
Brokerages expect Nokia Oyj (NYSE:NOK) to report $0.04 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Nokia Oyj’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.03. Nokia Oyj posted earnings of $0.03 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The firm is scheduled to issue its next earnings report on Tuesday, May 9th.
On average, analysts expect that Nokia Oyj will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.26. For the next year, analysts expect that the business will post earnings of $0.29 per share, with EPS estimates ranging from $0.27 to $0.31. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Nokia Oyj.
Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, February 2nd. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $7.35 billion. Nokia Oyj had a negative net margin of 2.96% and a positive return on equity of 6.17%. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/0-04-earnings-per-share-expected-for-nokia-oyj-nok-this-quarter.html
NOK has been the subject of a number of analyst reports. Vetr raised Nokia Oyj from a “buy” rating to a “strong-buy” rating and set a $5.43 price objective for the company in a report on Thursday, December 29th. Bank of America Corp cut Nokia Oyj to a “sell” rating in a report on Friday, January 13th. BMO Capital Markets reissued a “hold” rating and set a $5.00 price objective on shares of Nokia Oyj in a report on Wednesday, March 15th. Canaccord Genuity reissued a “hold” rating and set a $5.00 price objective on shares of Nokia Oyj in a report on Tuesday, March 7th. Finally, Barclays PLC reissued a “buy” rating on shares of Nokia Oyj in a report on Tuesday, January 10th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.57.
Hedge funds have recently made changes to their positions in the company. World Asset Management Inc raised its stake in shares of Nokia Oyj by 8.6% in the third quarter. World Asset Management Inc now owns 389,152 shares of the technology company’s stock worth $2,253,000 after buying an additional 30,935 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Nokia Oyj by 16.5% in the third quarter. Wells Fargo & Company MN now owns 212,587 shares of the technology company’s stock worth $1,231,000 after buying an additional 30,057 shares during the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of Nokia Oyj by 24.9% in the third quarter. Tocqueville Asset Management L.P. now owns 2,724,495 shares of the technology company’s stock worth $15,775,000 after buying an additional 542,800 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Nokia Oyj by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 81,377 shares of the technology company’s stock worth $471,000 after buying an additional 3,155 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Nokia Oyj by 1.6% in the third quarter. US Bancorp DE now owns 75,579 shares of the technology company’s stock worth $437,000 after buying an additional 1,155 shares during the last quarter. Hedge funds and other institutional investors own 5.71% of the company’s stock.
Shares of Nokia Oyj (NYSE:NOK) opened at 5.17 on Thursday. The firm’s market capitalization is $29.57 billion. The company has a 50-day moving average of $5.32 and a 200 day moving average of $4.91. Nokia Oyj has a 12-month low of $4.04 and a 12-month high of $6.10.
The company also recently disclosed an annual dividend, which will be paid on Wednesday, June 14th. Investors of record on Friday, May 26th will be given a $0.1816 dividend. The ex-dividend date is Wednesday, May 24th. This represents a yield of 3.4%. Nokia Oyj’s payout ratio is -142.85%.
About Nokia Oyj
Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.