Nokia Oyj (NOK) to Release Quarterly Earnings on Thursday

Nokia Oyj (NYSE:NOK) will issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Nokia Oyj had a negative net margin of 2.26% and a positive return on equity of 7.84%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. On average, analysts expect Nokia Oyj to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nokia Oyj stock opened at $5.18 on Wednesday. The firm has a 50 day simple moving average of $5.05 and a 200-day simple moving average of $5.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 1.05. The stock has a market capitalization of $29.20 billion, a PE ratio of 19.19 and a beta of 0.29. Nokia Oyj has a 12-month low of $4.71 and a 12-month high of $6.65.

NOK has been the subject of several recent analyst reports. Craig Hallum reiterated a “buy” rating on shares of Nokia Oyj in a report on Friday, August 30th. Zacks Investment Research upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a report on Monday, July 29th. ValuEngine upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Charter Equity upgraded shares of Nokia Oyj from a “market perform” rating to a “buy” rating in a report on Friday, July 26th. Finally, Raymond James upgraded shares of Nokia Oyj from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $6.79.

About Nokia Oyj

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

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Earnings History for Nokia Oyj (NYSE:NOK)

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