Stora Enso Oyj (SEOAY) to Announce Quarterly Earnings on Thursday

Stora Enso Oyj (OTCMKTS:SEOAY) is anticipated to announce its resultson Thursday, July 23rd. Analysts expect Stora Enso Oyj to post earnings of $0.17 per share and revenue of $2.8013 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%.The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.69 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 Trading Down 2.2%

OTCMKTS SEOAY opened at $10.92 on Tuesday. The firm’s 50 day moving average price is $11.05 and its two-hundred day moving average price is $11.86. 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 twelve month low of $9.92 and a twelve month high of $14.41. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 12.00 and a beta of 0.64.

Analysts Set New Price Targets

Several research analysts recently weighed in on SEOAY shares. BNP Paribas Exane began coverage on Stora Enso Oyj in a research report on Wednesday, June 10th. They set a “neutral” rating on the stock. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, 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.