Stora Enso Oyj (OTCMKTS:SEOAY) Posts Earnings Results, Misses Estimates By $0.05 EPS

Stora Enso Oyj (OTCMKTS:SEOAY) released its quarterly earnings data on Friday. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05), Zacks reports. Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.31%.

Stora Enso Oyj Stock Down 2.2%

Shares of OTCMKTS SEOAY traded down $0.24 during trading on Friday, reaching $10.69. The company had a trading volume of 49,482 shares, compared to its average volume of 42,236. Stora Enso Oyj has a 12-month low of $10.13 and a 12-month high of $14.41. The stock has a market cap of $8.43 billion, a PE ratio of 12.73, a P/E/G ratio of 12.47 and a beta of 0.57. The business’s 50-day moving average is $11.56 and its 200 day moving average is $11.68. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.27.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, October 12th. Zacks Research downgraded Stora Enso Oyj from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

About Stora Enso Oyj

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.