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

Stora Enso Oyj (OTCMKTS:SEOAY) is expected to issue its resultson Thursday, July 23rd. Analysts expect the company to post earnings of $0.17 per share and revenue of $2.8013 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.69 billion. Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%. 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 Performance

Shares of OTCMKTS SEOAY opened at $11.08 on Wednesday. Stora Enso Oyj has a 12 month low of $9.92 and a 12 month high of $14.41. The company has a market cap of $8.74 billion, a P/E ratio of 12.17 and a beta of 0.64. The business’s 50 day moving average is $11.05 and its two-hundred day moving average is $11.85. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SEOAY shares. The Goldman Sachs Group upgraded shares of Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. BNP Paribas Exane began coverage on shares of Stora Enso Oyj in a research note on Wednesday, June 10th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stora Enso Oyj currently has a consensus rating of “Hold” and an average price target 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.