Nokia Oyj (NYSE:NOK) Releases Earnings Results, Beats Estimates By $0.05 EPS

Nokia Oyj (NYSE:NOK) released its earnings results on Thursday. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05, Zacks reports. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%.

Nokia Oyj Trading Up 6.6 %

Shares of NYSE NOK traded up $0.30 during midday trading on Thursday, reaching $4.74. The company had a trading volume of 39,686,654 shares, compared to its average volume of 17,855,363. The stock has a market cap of $25.82 billion, a PE ratio of 59.19, a price-to-earnings-growth ratio of 5.72 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average price is $4.42 and its 200-day moving average price is $4.32. Nokia Oyj has a one year low of $3.29 and a one year high of $4.95.

Analyst Ratings Changes

NOK has been the topic of several research reports. The Goldman Sachs Group lowered shares of 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. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Northland Securities reissued an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research note on Friday, October 18th. JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $4.35 to $6.35 in a research report on Monday, December 9th. Finally, Craig Hallum upped their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.86.

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.