Jefferies Group Comments on Stora Enso OYJ’s FY2018 Earnings (SEOAY)
Stora Enso OYJ (OTCMKTS:SEOAY) – Jefferies Group boosted their FY2018 earnings per share (EPS) estimates for Stora Enso OYJ in a report released on Monday. Jefferies Group analyst J. Jordan now forecasts that the basic materials company will earn $1.23 per share for the year, up from their previous forecast of $1.08. Jefferies Group also issued estimates for Stora Enso OYJ’s FY2019 earnings at $1.27 EPS and FY2020 earnings at $1.34 EPS.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Stora Enso OYJ from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Wednesday. ValuEngine upgraded Stora Enso OYJ from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.
Stora Enso OYJ (OTCMKTS:SEOAY) last issued its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.31 earnings per share for the quarter. Stora Enso OYJ had a return on equity of 12.35% and a net margin of 6.26%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.94 billion.
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Stora Enso OYJ Company Profile
Stora Enso Oyj is a provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. The Company’s segments include Consumer Board, Packaging Solutions, Biomaterials, Wood Products, Paper and Other. The Consumer Board segment develops and provides consumer packaging boards for printing and packaging applications.
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