KIANEWS 
Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024. The agreement is consistent with the assumptions Nokia has disclosed in the commentary with respect to Nokia Technologies long-term outlook in its Financial Report for Q1 issued on April 20, 2023.
Research analysts provide forecasts for Nokia Oyj's fiscal year 2024
25. 07. 2023 Tuesday / By: Robert Denes / Business / Exact time: BST / Print this page
E quities research analysts at Northland Capmk issued their FY2024 estimates for Nokia Oyj in a report on Monday, July 24th. Northland Capmk analyst T. Savageaux anticipates that the technology company will post earnings of $0.50 per share for the year. The consensus estimate for Nokia Oyj's current full-year earnings is $0.42 per share.
Nokia Oyj ( NYSE:NOK - Get Free Report ) last issued its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Nokia Oyj's net margin was 16.16% and return on equity was 10.43%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.22 billion. In the same period last year, the company posted earnings of $0.11 per share.
StockNews.com downgraded shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Northland Securities cut their price objective on shares of Nokia Oyj from $7.00 to $6.00 in a research report on Monday, July 17th. Goldman Sachs Group reduced their price objective on shares of Nokia Oyj from $6.60 to $5.90 and set a “buy” rating for the company in a research report on Friday.
The Street downgraded shares of Nokia Oyj from a “b-” rating to a “c+” rating in a research report on Monday, June 12th. Finally, Raymond James decreased their price objective on shares of Nokia Oyj from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Friday, April 21st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock.
NOK opened at $3.96 on Tuesday. Nokia Oyj has a 1 year low of $3.83 and a 1 year high of $5.28. The company has a current ratio of 1.60, a quick ratio of 1.32, and a debt-to-equity ratio of 0.17. The company has a market capitalization of $22.30 billion, a P/E ratio of 5.21, and a beta of 0.97. The company has a fifty day moving average of $4.08 and a two hundred day moving average of $4.43.
A number of institutional investors have recently made changes to their positions in NOK. RFP Financial Group LLC purchased a new position in shares of Nokia Oyj in the fourth quarter valued at $25,000. WealthPlan Investment Management LLC bought a new position in shares of Nokia Oyj in the first quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in Nokia Oyj by 100.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,120 shares of the technology company’s stock valued at $29,000 after purchasing an additional 3,060 shares during the period. Advisors Asset Management Inc. purchased a new stake in Nokia Oyj in the 4th quarter valued at $34,000. Finally, Romano Brothers AND Company bought a new stake in Nokia Oyj in the fourth quarter valued at $39,000.
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