Stora Enso Oyj (SEOAY) Set to Release Earnings on Friday

Key Points

• Stora Enso Oyj is expected to report earnings before the market opens Friday, October 30. Analysts forecast quarterly earnings of $0.12 per share on $2.67 billion in revenue.
• The company’s previous quarter fell short of expectations, with EPS of $0.04 versus the $0.17 consensus and revenue of $2.76 billion versus $2.79 billion expected.
• Analyst sentiment is cautious: the stock carries an average “Reduce” rating, with one Buy, one Hold and two Sell ratings; shares recently opened at $10.90, near their one-year low of $10.13.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) is expected to issue its results before the market opens on Friday, October 30th. Analysts expect Stora Enso Oyj to post earnings of $0.12 per share and revenue of $2.67 billion for the quarter.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.79 billion. Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%. On average, analysts expect Stora Enso Oyj to post $0.41 EPS for the current fiscal year and $0.88 EPS for the next fiscal year.

Stora Enso Oyj Stock Performance

Shares of SEOAY stock opened at $10.90 on Friday. The stock has a market cap of $8.60 billion, a P/E ratio of 29.92, a P/E/G ratio of 12.70 and a beta of 0.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. The company has a fifty day moving average price of $11.58 and a two-hundred day moving average price of $11.36. Stora Enso Oyj has a one year low of $10.13 and a one year high of $14.41.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SEOAY. Zacks Research cut shares of Stora Enso Oyj from a "hold" rating to a "strong sell" rating in a report on Monday. Citigroup reiterated a "buy" rating on shares of Stora Enso Oyj in a report on Monday, October 12th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Stora Enso Oyj has an average rating of "Reduce".

About Stora Enso Oyj

Stora Enso Oyj is a Finnish-Swedish renewable materials company that develops and manufactures products based on wood and other renewable resources. Its businesses serve packaging, construction, and biomaterials markets, with a focus on replacing fossil-based materials with renewable alternatives.

The company's products include renewable packaging materials and solutions, engineered wood products for construction, pulp, and selected biomaterials used in consumer and industrial applications.

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