Stora Enso Oyj (OTCMKTS:SEOAY) Releases Earnings Results, Misses Expectations By $0.07 EPS

Stora Enso Oyj (OTCMKTS:SEOAY) issued its quarterly earnings results on Wednesday. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07), Zacks reports. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.26 billion. Stora Enso Oyj had a net margin of 0.14% and a negative return on equity of 2.55%.

Stora Enso Oyj Stock Performance

OTCMKTS:SEOAY traded up $0.17 during trading hours on Thursday, reaching $12.69. The company had a trading volume of 10,489 shares, compared to its average volume of 10,461. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 1,270.27 and a beta of 0.70. The company has a current ratio of 1.23, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average price is $12.21 and its 200-day moving average price is $11.57. Stora Enso Oyj has a 52 week low of $7.97 and a 52 week high of $12.80.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One research 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. According to data from MarketBeat, the company currently 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.