Nokia Oyj FY2027 EPS Forecast Lowered by Zacks Research

Nokia Oyj (NYSE:NOK - Free Report) - Equities researchers at Zacks Research lowered their FY2027 EPS estimates for Nokia Oyj in a research note issued to investors on Wednesday, March 26th. Zacks Research analyst R. Department now expects that the technology company will earn $0.42 per share for the year, down from their previous estimate of $0.43. The consensus estimate for Nokia Oyj's current full-year earnings is $0.34 per share.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%.

A number of other brokerages also recently issued reports on NOK. Craig Hallum increased their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, January 6th. 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. StockNews.com lowered Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $5.85.

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Nokia Oyj Stock Performance

Shares of NYSE NOK traded up $0.08 during midday trading on Monday, reaching $5.35. 18,964,348 shares of the stock were exchanged, compared to its average volume of 17,198,027. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The firm has a market cap of $29.14 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 6.43 and a beta of 1.11. The firm has a 50-day simple moving average of $4.97 and a two-hundred day simple moving average of $4.63. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $5.48.

Institutional Inflows and Outflows

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