Stora Enso Oyj (SEOAY) to Post Earnings on Thursday

Stora Enso Oyj (OTCMKTS:SEOAY) is expected to be releasing its resultson Thursday, July 23rd. Analysts expect the company to announce earnings of $0.1574 per share and revenue of $2.8013 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%. 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 Price Performance

Shares of OTCMKTS:SEOAY opened at $10.80 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The stock has a market cap of $8.52 billion, a PE ratio of 11.87 and a beta of 0.64. The company’s fifty day moving average is $11.06 and its 200 day moving average is $11.89. Stora Enso Oyj has a 52 week low of $9.92 and a 52 week high of $14.41.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SEOAY. BNP Paribas Exane assumed coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They issued a “neutral” rating for the company. The Goldman Sachs Group upgraded shares of Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Stora Enso Oyj presently has an average 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.