Stora Enso Oyj (OTCMKTS:SEOAY) Issues Quarterly Earnings Results

Stora Enso Oyj (OTCMKTS:SEOAY) posted its earnings results on Friday. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05), Zacks reports. Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.31%.

Stora Enso Oyj Price Performance

Shares of SEOAY traded down $0.24 during midday trading on Friday, reaching $10.69. The stock had a trading volume of 49,482 shares, compared to its average volume of 42,227. The firm’s 50 day moving average price is $11.56 and its 200-day moving average price is $11.68. The company has a market capitalization of $8.43 billion, a P/E ratio of 12.73, a P/E/G ratio of 12.47 and a beta of 0.57. Stora Enso Oyj has a 52 week low of $10.13 and a 52 week high of $14.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80.

Analyst Ratings Changes

A number of research firms have recently commented on SEOAY. Zacks Research downgraded shares of Stora Enso Oyj from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a report on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

About Stora Enso Oyj

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.