Stora Enso Oyj (OTCMKTS:SEOAY) Posts Earnings Results

Stora Enso Oyj (OTCMKTS:SEOAY) released its quarterly earnings results on Thursday. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12), Zacks reports. Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%.

Stora Enso Oyj Stock Performance

Shares of SEOAY stock traded down $1.18 during trading hours on Thursday, reaching $10.26. 11,051 shares of the company traded hands, compared to its average volume of 41,401. The firm has a 50-day moving average price of $11.05 and a 200 day moving average price of $11.84. The company has a market cap of $8.09 billion, a P/E ratio of 11.27 and a beta of 0.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57. Stora Enso Oyj has a 12-month low of $9.92 and a 12-month high of $14.41.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas Exane started coverage on shares of Stora Enso Oyj in a report on Wednesday, June 10th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.