Stora Enso Oyj (SEOAY) to Release Quarterly Earnings on Thursday

Stora Enso Oyj (OTCMKTS:SEOAY) is expected to announce its results before the market opens on Thursday, October 23rd. Analysts expect the company to announce earnings of $0.07 per share and revenue of $2.3365 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Stora Enso Oyj had a negative return on equity of 3.87% and a negative net margin of 1.18%.The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.47 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 Price Performance

Shares of OTCMKTS:SEOAY opened at $10.10 on Wednesday. Stora Enso Oyj has a twelve month low of $7.97 and a twelve month high of $12.35. The company’s 50 day moving average is $11.16 and its 200 day moving average is $10.44. The company has a current ratio of 1.18, a quick ratio of 0.80 and a debt-to-equity ratio of 0.36. The company has a market cap of $7.97 billion, a PE ratio of -63.13 and a beta of 0.81.

Stora Enso Oyj Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 9th. Investors of record on Friday, September 26th were issued a $0.0883 dividend. This represents a yield of 79.0%. The ex-dividend date was Thursday, September 25th. Stora Enso Oyj’s dividend payout ratio is -75.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SEOAY shares. Wall Street Zen downgraded shares of Stora Enso Oyj from a “hold” rating to a “sell” rating in a report on Monday, July 28th. UBS Group downgraded shares of Stora Enso Oyj from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Berenberg Bank raised shares of Stora Enso Oyj to a “hold” rating in a research note on Friday, August 29th. Finally, BNP Paribas raised shares of Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 price objective on the stock in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $10.80.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.