Nokia Oyj FY2027 EPS Forecast Decreased by Zacks Research

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

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 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%.

Other analysts have also issued reports about the company. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock 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 company a “buy” rating in a research report on Monday, January 6th. Finally, StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Trading Up 0.3 %

Shares of Nokia Oyj stock opened at $5.22 on Monday. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $5.48. The firm’s 50-day moving average price is $4.96 and its 200 day moving average price is $4.62. 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 firm 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.

Institutional Trading of Nokia Oyj

Several large investors have recently added to or reduced their stakes in NOK. PEAK6 Investments LLC purchased a new stake in shares of Nokia Oyj in the third quarter valued at about $45,000. Foundations Investment Advisors LLC purchased a new stake in shares of Nokia Oyj in the 4th quarter valued at approximately $45,000. D.A. Davidson & CO. acquired a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $46,000. Wedmont Private Capital purchased a new stake in shares of Nokia Oyj during the 4th quarter valued at approximately $47,000. Finally, Wealthstream Advisors Inc. acquired a new position in Nokia Oyj in the fourth quarter valued at approximately $49,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

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.