$Nokia Oyj (NOK.US)$ – Northland Capmk issued their Q1 2023 earnings per share (EPS) estimates for shares of Nokia Oyj in a research note issued on Monday, January 30th. Northland Capmk analyst T. Savageaux anticipates that the technology company will post earnings of $0.09 per share for the quarter. The consensus estimate for Nokia Oyj's current full-year earnings is $0.46 per share. Northland Capmk also issued estimates for Nokia Oyj's Q2 2023 earnings at $0.11 EPS, Q3 2023 earnings at $0.11 EPS and Q4 2023 earnings at $0.16 EPS.
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Several other equities analysts have also recently weighed in on NOK. Raymond James raised their price objective on Nokia Oyj from $6.50 to $7.00 and gave the company an "outperform" rating in a report on Friday, January 27th. Barclays dropped their target price on Nokia Oyj from €5.60 ($6.09) to €5.30 ($5.76) in a report on Monday, October 24th. DNB Markets cut shares of Nokia Oyj from a "buy" rating to a "hold" rating in a research note on Tuesday, January 17th. StockNews.com raised Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Tuesday, November 1st. Finally, Societe Generale decreased their price target on Nokia Oyj from €5.80 ($6.30) to €5.40 ($5.87) and set a "buy" rating on the stock in a research report on Tuesday, October 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5.88.
Nokia Oyj Price Performance
NYSE NOK opened at $4.86 on Wednesday. The business has a 50 day simple moving average of $4.78 and a 200 day simple moving average of $4.75. Nokia Oyj has a 52-week low of $4.08 and a 52-week high of $6.00. The stock has a market cap of $27.37 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 5.80 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 1.59.
Nokia Oyj (NYSE:NOK – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The technology company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $7.45 billion during the quarter, compared to analysts' expectations of $7.10 billion. Nokia Oyj had a return on equity of 12.31% and a net margin of 16.73%. The firm's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. RFP Financial Group LLC bought a new position in Nokia Oyj in the 4th quarter worth about $25,000. O Dell Group LLC bought a new position in shares of Nokia Oyj during the third quarter valued at approximately $26,000. Bessemer Group Inc. increased its position in shares of Nokia Oyj by 62.1% during the third quarter. Bessemer Group Inc. now owns 6,904 shares of the technology company's stock valued at $29,000 after buying an additional 2,644 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in Nokia Oyj in the second quarter worth $30,000. Finally, Romano Brothers AND Company purchased a new stake in Nokia Oyj in the fourth quarter worth about $39,000. Institutional investors own 7.57% of the company's stock.
Nokia Oyj Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be issued a dividend of $0.0218 per share. This represents a $0.09 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Monday, January 30th. This is an increase from Nokia Oyj's previous quarterly dividend of $0.01. Nokia Oyj's dividend payout ratio (DPR) is 6.41%.
Nokia Oyj Company Profile
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Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.
Further Reading
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