Stora Enso Oyj (SEOAY) to Release Earnings on Thursday

Stora Enso Oyj (OTCMKTS:SEOAY) is projected to release its resultson Thursday, May 7th. Analysts expect Stora Enso Oyj to post earnings of $0.11 per share and revenue of $2.6963 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%.The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.26 billion. On average, analysts expect Stora Enso Oyj to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Stora Enso Oyj Stock Down 2.3%

Shares of SEOAY opened at $10.84 on Tuesday. Stora Enso Oyj has a 52 week low of $8.99 and a 52 week high of $14.41. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 10.73 and a beta of 0.63. The stock’s 50-day moving average price is $12.10 and its 200-day moving average price is $12.08.

Analysts Set New Price Targets

A number of brokerages have recently commented on SEOAY. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.80.

Stora Enso Oyj Company Profile

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.