Stora Enso Oyj (SEOAY) Projected to Post Earnings on Thursday

Stora Enso Oyj (OTCMKTS:SEOAY) is projected to post its resultson Thursday, May 7th. Analysts expect Stora Enso Oyj to post earnings of $0.11 per share and revenue of $2.6963 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates 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 Trading Up 3.8%

OTCMKTS:SEOAY opened at $11.25 on Wednesday. Stora Enso Oyj has a 12-month low of $8.99 and a 12-month high of $14.41. The firm has a market capitalization of $8.87 billion, a P/E ratio of 11.14 and a beta of 0.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.21 and a quick ratio of 0.66. The business has a 50 day simple moving average of $12.05 and a 200 day simple moving average of $12.08.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.