Svenska Cellulosa Aktiebolaget SCA (publ) (SVCBF) to Release Quarterly Earnings on Friday

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) will likely be announcing its resultson Friday, April 24th. Analysts expect the company to announce earnings of $0.0815 per share and revenue of $533.4880 million for the quarter.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

Shares of SVCBF stock opened at $11.77 on Friday. The stock has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $12.92. Svenska Cellulosa Aktiebolaget SCA has a 12-month low of $11.35 and a 12-month high of $13.81.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Svenska Cellulosa Aktiebolaget SCA (publ)

Svenska Cellulosa Aktiebolaget SCA (publ) is a Sweden‐based forest industry company and one of Europe’s largest private forest owners. Headquartered in Stockholm, SCA manages approximately 2.6 million hectares of forestland and operates an integrated value chain spanning timber harvesting, pulp production and bioenergy generation. The company’s operations are underpinned by a long‐term commitment to sustainable forest management and certification standards.

The company’s core business activities include the production of softwood pulp for use in packaging, tissue and specialty paper products, as well as sawn timber and engineered wood products for the construction sector.