Stora Enso Oyj (OTCMKTS:SEOAY) Issues Quarterly Earnings Results

Stora Enso Oyj (OTCMKTS:SEOAY) announced its earnings results on Friday. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05), Zacks reports. Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.66 billion.

Stora Enso Oyj Trading Down 2.2%

Shares of SEOAY stock traded down $0.24 on Friday, hitting $10.69. 49,482 shares of the stock traded hands, compared to its average volume of 50,931. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.80 and a current ratio of 1.33. Stora Enso Oyj has a twelve month low of $10.13 and a twelve month high of $14.41. The firm’s 50-day moving average price is $11.55 and its two-hundred day moving average price is $11.67. The stock has a market capitalization of $8.43 billion, a PE ratio of 12.73, a PEG ratio of 12.54 and a beta of 0.57.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SEOAY. Zacks Research cut shares of Stora Enso Oyj from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, October 12th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Stora Enso Oyj currently has a consensus 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.