UPM-Kymmene Corp. (UPMKY) to Release Earnings on Tuesday
UPM-Kymmene Corp. (OTCMKTS:UPMKY) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 24th.
UPM-Kymmene Corp. (OTCMKTS:UPMKY) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.90 billion. UPM-Kymmene Corp. had a net margin of 9.13% and a return on equity of 11.54%. On average, analysts expect UPM-Kymmene Corp. to post $2.06 EPS for the current fiscal year and $2.12 EPS for the next fiscal year.
Shares of UPM-Kymmene Corp. (UPMKY) traded up 1.387% during midday trading on Monday, reaching $29.235. 1,132 shares of the company’s stock were exchanged. UPM-Kymmene Corp. has a one year low of $20.61 and a one year high of $30.23. The firm has a market cap of $15.60 billion, a PE ratio of 14.437 and a beta of 1.57. The stock’s 50-day moving average is $27.37 and its 200 day moving average is $27.35.
Separately, Zacks Investment Research raised shares of UPM-Kymmene Corp. from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, October 3rd.
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About UPM-Kymmene Corp.
UPM-Kymmene Corporation (UPM) is a global forest company. The Company’s segments include UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA, UPM Plywood and Other operations. The UPM Biorefining segment consists of pulp, timber and biofuels businesses. The UPM Energy segment is an electricity producer.
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