Stora Enso Oyj (OTCMKTS:SEOAY) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Stora Enso Oyj (OTCMKTS:SEOAYGet Free Report) issued its quarterly earnings results on Thursday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13), Zacks reports. Stora Enso Oyj had a return on equity of 2.38% and a net margin of 6.20%.The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.79 billion.

Stora Enso Oyj Stock Performance

OTCMKTS SEOAY opened at $10.65 on Friday. The firm has a market cap of $8.40 billion, a P/E ratio of 12.68 and a beta of 0.64. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $11.03 and its 200-day moving average is $11.82. Stora Enso Oyj has a 12-month low of $9.92 and a 12-month high of $14.41.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane began coverage on Stora Enso Oyj in a research report on Wednesday, June 10th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Stora Enso Oyj currently has an average rating of “Hold” and a consensus price target of $10.80.

Check Out Our Latest Analysis on SEOAY

About Stora Enso Oyj

(Get Free Report)

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.

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Earnings History for Stora Enso Oyj (OTCMKTS:SEOAY)

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