Stora Enso Oyj (SEOAY) Expected to Post Earnings on Friday

Stora Enso Oyj (OTCMKTS:SEOAY) is projected to issue its results before the market opens on Friday, October 30th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $2.66 billion for the quarter.

Stora Enso Oyj Price Performance

OTCMKTS:SEOAY opened at $11.11 on Wednesday. Stora Enso Oyj has a fifty-two week low of $10.13 and a fifty-two week high of $14.41. The business has a 50 day moving average price of $11.56 and a 200-day moving average price of $11.70.

Wall Street Analyst Weigh In

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

Stora Enso Oyj Company Profile

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.