Stora Enso OYJ (SEOAY) Announces Quarterly Earnings Results, Hits Estimates
Stora Enso OYJ (NASDAQ:SEOAY) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21, Morningstar.com reports. Stora Enso OYJ had a return on equity of 7.80% and a net margin of 4.29%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.02 billion.
Shares of Stora Enso OYJ (NASDAQ:SEOAY) traded up 1.11% during midday trading on Thursday, reaching $13.69. 7,573 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $13.31 and a 200-day moving average of $12.12. The stock has a market cap of $10.80 billion and a price-to-earnings ratio of 20.56. Stora Enso OYJ has a one year low of $8.64 and a one year high of $13.87.
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SEOAY has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Stora Enso OYJ from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine raised shares of Stora Enso OYJ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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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