Stora Enso Oyj (SEOAY) Projected to Post Earnings on Friday

Stora Enso Oyj (OTCMKTS:SEOAY) is expected to announce its earnings results before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $2.32 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.04). Stora Enso Oyj had a negative net margin of 1.29% and a negative return on equity of 3.97%. On average, analysts expect Stora Enso Oyj to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Stora Enso Oyj Stock Performance

SEOAY stock opened at $8.75 on Wednesday. The company has a market capitalization of $6.90 billion, a P/E ratio of -54.69 and a beta of 0.89. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $9.97 and a 200 day simple moving average of $10.45. Stora Enso Oyj has a fifty-two week low of $7.97 and a fifty-two week high of $15.29.

Stora Enso Oyj Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th were paid a $0.1348 dividend. This is a positive change from Stora Enso Oyj’s previous dividend of $0.10. The ex-dividend date was Monday, March 24th. Stora Enso Oyj’s dividend payout ratio is currently -62.50%.

Wall Street Analyst Weigh In

Separately, Barclays downgraded Stora Enso Oyj from an “overweight” rating to an “underweight” rating in a research report on Monday, April 7th.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.