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

Stora Enso Oyj (OTCMKTS:SEOAY) announced its quarterly earnings results on Thursday. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13), Zacks reports. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.79 billion. Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%.

Stora Enso Oyj Stock Down 9.5%

SEOAY stock opened at $10.35 on Friday. Stora Enso Oyj has a one year low of $9.92 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07. The firm’s fifty day moving average is $11.03 and its 200 day moving average is $11.83. The firm has a market cap of $8.16 billion, a PE ratio of 11.37 and a beta of 0.64.

Analyst Ratings Changes

Separately, BNP Paribas Exane assumed coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.80.

About Stora Enso Oyj

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.