Stora Enso Oyj (OTCMKTS:SEOAY) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Stora Enso Oyj (OTCMKTS:SEOAY) issued its quarterly earnings data on Thursday. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05), Zacks reports. The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.69 billion. Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%.

Stora Enso Oyj Stock Performance

OTCMKTS:SEOAY opened at $11.19 on Friday. The company has a fifty day moving average of $11.97 and a 200-day moving average of $12.10. The firm has a market capitalization of $8.82 billion, a P/E ratio of 11.08 and a beta of 0.63. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.33. Stora Enso Oyj has a twelve month low of $9.30 and a twelve month high of $14.41.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. The Goldman Sachs Group upgraded shares of Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Stora Enso Oyj has an average rating of “Hold” and an average price target of $10.80.

About Stora Enso Oyj

Stora Enso Oyj is a Finland?based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.