Northland Capmk Forecasts Stronger Earnings for Nokia Oyj

Nokia Oyj (NYSE:NOK) – Research analysts at Northland Capmk boosted their FY2025 earnings per share estimates for Nokia Oyj in a report issued on Monday, February 24th. Northland Capmk analyst T. Savageaux now anticipates that the technology company will post earnings per share of $0.35 for the year, up from their prior estimate of $0.34. The consensus estimate for Nokia Oyj’s current full-year earnings is $0.34 per share.

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

Nokia Oyj Trading Down 1.7 %

Shares of NYSE:NOK opened at $4.91 on Wednesday. The stock has a market cap of $26.74 billion, a PE ratio of 19.62, a P/E/G ratio of 6.43 and a beta of 1.06. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.06. The business has a 50 day moving average of $4.65 and a 200-day moving average of $4.47.

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

Institutional Trading of Nokia Oyj

Several institutional investors and hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC boosted its stake in shares of Nokia Oyj by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after purchasing an additional 8,261,407 shares in the last quarter. FMR LLC boosted its position in Nokia Oyj by 62.3% in the fourth quarter. FMR LLC now owns 49,501,674 shares of the technology company’s stock valued at $219,292,000 after buying an additional 19,004,399 shares in the last quarter. Slate Path Capital LP grew its stake in shares of Nokia Oyj by 15.6% during the fourth quarter. Slate Path Capital LP now owns 30,438,987 shares of the technology company’s stock worth $134,845,000 after buying an additional 4,113,884 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Nokia Oyj by 179.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 29,058,227 shares of the technology company’s stock worth $128,728,000 after buying an additional 18,660,482 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of Nokia Oyj in the 4th quarter valued at $53,481,000. 5.28% of the stock is currently owned by 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.