Stora Enso Oyj (SEOAY) Projected to Post Quarterly Earnings on Friday

Stora Enso Oyj (OTCMKTS:SEOAY) will likely be announcing its resultson Friday, April 24th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $2.6946 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%.The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.26 billion. 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 Down 0.4%

OTCMKTS:SEOAY opened at $12.03 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average is $12.50 and its two-hundred day moving average is $11.98. Stora Enso Oyj has a 52 week low of $8.38 and a 52 week high of $14.41. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 11.91 and a beta of 0.72.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SEOAY shares. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One 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 presently has a consensus rating of “Hold” and a consensus 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.