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

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

Stora Enso Oyj Price Performance

Shares of OTCMKTS:SEOAY opened at $10.69 on Friday. The business has a 50 day moving average price of $11.55 and a 200 day moving average price of $11.67. Stora Enso Oyj has a twelve month low of $10.13 and a twelve month high of $14.41. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 12.27 and a beta of 0.57. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.27.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SEOAY. Zacks Research downgraded shares of Stora Enso Oyj from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a report on Monday, October 12th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average 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.