27 July, 2017
Three analysts have provided estimates for Nokia Corporation's earnings, with estimates ranging from $0.04 to $0.05. During the same quarter a year ago, the company earned $0.03 earnings per share. The firm is scheduled to announce its next earnings report before the market opens on Thursday, July 27th. On average, equities analysts predict that Nokia Corporation will post $0.25 EPS for the current year. After having $0.03 EPS previously, Nokia Oyj (ADR)'s analysts see 33.33 % EPS growth. Zacks' earnings per share averages are a mean average based on a survey of research analysts that follow Nokia Corporation.
Nokia Corporation (NYSE:NOK) was upgraded by investment analysts at BidaskClub from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday, July 16th.
The company has mean EPS estimate of 0.11 reported by 11 number of analyst for the quarter ending Current Qtr.(Jun2017). The business had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.33 billion. For the quarter ending Dec-17, 11 analysts have a mean sales target of 7,156.93 million whilst for the year ending Dec-17, 15 analysts have a mean target of 25,343.90 million. In contrast to the year ago quarter EPS was at 0.11.
NOK has been the subject of several other research reports. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Nokia Corporation in a report on Thursday, April 27th. They set a "neutral" rating and a $6.00 price target on the stock. The rating was maintained by M Partners on Wednesday, May 11 with "Neutral". Societe Generale began coverage on Nokia Corporation in a research report on Wednesday, June 14th. The rating was upgraded by Bank of America on Friday, May 13 to "Buy". Finally, Wells Fargo & Company restated a "market perform" rating on shares of Nokia Corporation in a research report on Friday, June 16th. The stock of Nokia Oyj (ADR) (NYSE:NOK) has "Market Perform" rating given on Friday, May 6 by Raymond James. The company has an average rating of "Hold" and a consensus target price of $6.25. SOL Capital Management CO boosted its stake in Nokia Corporation by 41.5% in the first quarter. Maplelane Capital Llc sold 110,000 shares as Servicenow Inc (Put) (NOW)'s stock rose 7.07%. Usca Ria LLC raised its stake in shares of Nokia Corporation by 15.1% in the first quarter. Ariel Investments LLC now owns 32,372,988 shares of the technology company's stock valued at $175,462,000 after buying an additional 5,650,498 shares during the last quarter. Franklin Resources Inc owns $467.09 million in Nokia Corporation, which represents roughly 1.3% of the company's market cap and approximately 21.37% of the institutional ownership. Capstone Asset Management Co. raised its stake in Nokia Corporation by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. purchased a new position in Nokia Corporation during the first quarter valued at about $136,000. Wellington Management Group LLP now owns 12,203,887 shares of the technology company's stock valued at $66,145,000 after buying an additional 2,331,892 shares during the last quarter.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Stock Observer and is the property of of Stock Observer. If you are accessing this report on another publication, it was stolen and reposted in violation of US & worldwide copyright laws. The correct version of this piece can be viewed at https://transcriptdaily.com/2017/07/27/nokia-corporation-nysenok-lifted-to-buy-at-bidaskclub-updated.html.
Nokia Corp (NYSE:NOK) shares traded -1.12% down during most recent session to reach at the closing price of $6.16. About 19.19M shares traded. The company's market capitalization is $35.97 billion. Similarly, the company's last 5 years high P/E ratio is 83.21 and low P/E is 9.93, whereas, the industry's and sector's high P/E for the past year is 11.45 and 24.56 respectively and low P/E ratio for the last 5 years is 6.94 for the industry and 10.17 for the Sector.
Nokia Corporation is engaged in the network and Internet protocol (IP) infrastructure, software, and related services market.
