Nokian Renkaat Oyj (NKRKF) Expected to Announce Quarterly Earnings on Tuesday

Nokian Renkaat Oyj (OTCMKTS:NKRKF) is projected to release its results before the market opens on Tuesday, October 27th. Analysts expect the company to announce earnings of $0.2033 per share and revenue of $425.01 million for the quarter.

Nokian Renkaat Oyj Stock Performance

Shares of OTCMKTS:NKRKF opened at $17.50 on Monday. The company’s fifty day moving average is $17.46 and its 200 day moving average is $14.91. Nokian Renkaat Oyj has a 52 week low of $9.00 and a 52 week high of $17.50.

Wall Street Analyst Weigh In

Separately, Nordea Equity Research raised Nokian Renkaat Oyj to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Nokian Renkaat Oyj

Nokian Renkaat Oyj, also known as Nokian Tyres, is a Finland-based tire manufacturer specializing in products designed for challenging weather and driving conditions. The company develops and sells tires for passenger cars, SUVs, vans, trucks, and other heavy machinery, with a particular emphasis on winter tires and products suited to Nordic climates.

The company also provides tires for forestry, agriculture, construction, and other specialized applications. Its products are sold through tire dealers, automotive retailers, and its Vianor service and distribution network, which offers tire sales, installation, maintenance, and related automotive services.

Nokian Tyres traces its roots to Finland’s rubber industry and introduced what it describes as the world’s first winter tire in 1934.