Stora Enso Oyj (OTCMKTS:SEOAY) Posts Earnings Results, Misses Expectations By $0.12 EPS

Stora Enso Oyj (OTCMKTS:SEOAY) posted its earnings results on Thursday. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12), Zacks reports. Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%.

Stora Enso Oyj Price Performance

Shares of SEOAY traded down $1.30 during mid-day trading on Thursday, hitting $10.14. 13,272 shares of the company were exchanged, compared to its average volume of 41,408. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07. Stora Enso Oyj has a 1-year low of $9.92 and a 1-year high of $14.41. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 11.14 and a beta of 0.64. The company has a 50 day moving average of $11.05 and a 200-day moving average of $11.84.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane initiated coverage on shares of Stora Enso Oyj in a report on Wednesday, June 10th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.