Stora Enso Oyj (OTCMKTS:SEOAY) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Stora Enso Oyj (OTCMKTS:SEOAY) posted its quarterly earnings results on Wednesday. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07), Zacks reports. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Stora Enso Oyj had a negative return on equity of 2.55% and a net margin of 0.14%.

Stora Enso Oyj Stock Up 0.7%

OTCMKTS SEOAY traded up $0.09 during trading on Thursday, reaching $12.61. 9,047 shares of the company’s stock traded hands, compared to its average volume of 10,399. Stora Enso Oyj has a 12-month low of $7.97 and a 12-month high of $12.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.80. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 1,261.76 and a beta of 0.70. The company’s 50 day simple moving average is $12.21 and its two-hundred day simple moving average is $11.57.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Stora Enso Oyj presently has a consensus rating of “Hold” and an average price target 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.