FY2027 EPS Estimates for Nokia Oyj Reduced by Zacks Research

Nokia Oyj (NYSE:NOK) – Zacks Research decreased their FY2027 earnings per share (EPS) estimates for shares of Nokia Oyj in a research note issued to investors on Wednesday, March 26th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings per share of $0.42 for the year, down from their previous forecast 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 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%.

Several other brokerages also recently commented on NOK. 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. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, Craig Hallum increased their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One investment 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Price Performance

NOK stock opened at $5.35 on Monday. The firm has a 50-day moving average of $4.99 and a two-hundred day moving average of $4.64. The firm has a market capitalization of $29.14 billion, a PE ratio of 21.38, a P/E/G ratio of 6.43 and a beta of 1.11. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. Nokia Oyj has a one year low of $3.29 and a one year high of $5.48.

Institutional Trading of Nokia Oyj

A number of institutional investors have recently bought and sold shares of the company. PEAK6 Investments LLC purchased a new stake in shares of Nokia Oyj during the 3rd quarter worth about $45,000. Foundations Investment Advisors LLC bought a new position in Nokia Oyj during the fourth quarter valued at approximately $45,000. D.A. Davidson & CO. acquired a new stake in Nokia Oyj in the fourth quarter valued at approximately $46,000. Wedmont Private Capital bought a new stake in Nokia Oyj in the fourth quarter worth approximately $47,000. Finally, Wealthstream Advisors Inc. acquired a new position in shares of Nokia Oyj during the 4th quarter worth $49,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

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.