Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) released its earnings results on Friday. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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%.
Stora Enso Oyj Price Performance
SEOAY stock traded down $0.24 during mid-day trading on Friday, hitting $10.69. 49,482 shares of the stock were exchanged, compared to its average volume of 42,227. The business has a fifty day moving average price of $11.56 and a 200 day moving average price of $11.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. Stora Enso Oyj has a 12 month low of $10.13 and a 12 month high of $14.41. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 12.47 and a beta of 0.57.
Analysts Set New Price Targets
A number of analysts recently weighed in on SEOAY shares. Zacks Research downgraded shares of Stora Enso Oyj from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.
Check Out Our Latest Stock Report on Stora Enso Oyj
Stora Enso Oyj Company Profile
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.
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