Stora Enso Oyj (SEOAY) Set to Announce Quarterly Earnings on Friday

Stora Enso Oyj (OTCMKTS:SEOAY) is expected to release its results before the market opens on Friday, October 30th. Analysts expect Stora Enso Oyj to post earnings of $0.12 per share and revenue of $2.66 billion for the quarter.

Stora Enso Oyj Trading Down 2.3%

SEOAY opened at $10.87 on Thursday. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 12.48 and a beta of 0.57. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.27. Stora Enso Oyj has a 12 month low of $10.13 and a 12 month high of $14.41. The stock has a fifty day moving average price of $11.56 and a 200-day moving average price of $11.69.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SEOAY. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, October 12th. Zacks Research lowered shares of Stora Enso Oyj from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Stora Enso Oyj currently has an average rating of “Reduce”.

Stora Enso Oyj Company Profile

Stora Enso Oyj is a Finnish-Swedish renewable materials company that develops and manufactures products based on wood and other renewable resources. Its businesses serve packaging, construction, and biomaterials markets, with a focus on replacing fossil-based materials with renewable alternatives.

The company’s products include renewable packaging materials and solutions, engineered wood products for construction, pulp, and selected biomaterials used in consumer and industrial applications.