Stora Enso Oyj (SEOAY) Projected to Post Quarterly Earnings on Thursday

Stora Enso Oyj (OTCMKTS:SEOAY) is expected to release its results before the market opens on Thursday, October 23rd. Analysts expect Stora Enso Oyj to post earnings of $0.07 per share and revenue of $2.3365 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Stora Enso Oyj had a negative net margin of 1.18% and a negative return on equity of 3.87%. 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

OTCMKTS:SEOAY opened at $10.15 on Tuesday. The business has a 50 day simple moving average of $11.19 and a 200-day simple moving average of $10.44. Stora Enso Oyj has a 1 year low of $7.97 and a 1 year high of $12.35. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of -63.44 and a beta of 0.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.80.

Stora Enso Oyj Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 9th. Shareholders of record on Friday, September 26th were given a dividend of $0.0883 per share. The ex-dividend date was Thursday, September 25th. This represents a yield of 79.0%. Stora Enso Oyj’s payout ratio is -75.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Berenberg Bank upgraded Stora Enso Oyj to a “hold” rating in a report on Friday, August 29th. UBS Group cut shares of Stora Enso Oyj from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen lowered shares of Stora Enso Oyj from a “hold” rating to a “sell” rating in a research report on Monday, July 28th. Finally, BNP Paribas upgraded Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 target price on the stock in a research report on Monday, September 29th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $10.80.

Stora Enso Oyj Company Profile

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.