Stora Enso Oyj (OTCMKTS:SEOAY) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Stora Enso Oyj (OTCMKTS:SEOAY) posted its quarterly earnings results on Thursday. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12), Zacks reports. Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%.

Stora Enso Oyj Stock Performance

SEOAY stock traded down $1.18 on Thursday, hitting $10.26. The company had a trading volume of 11,051 shares, compared to its average volume of 41,401. The company has a current ratio of 1.07, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32. Stora Enso Oyj has a 12-month low of $9.92 and a 12-month high of $14.41. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 11.27 and a beta of 0.64. The stock’s 50-day simple moving average is $11.05 and its 200 day simple moving average is $11.84.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas Exane assumed coverage on Stora Enso Oyj in a report on Wednesday, June 10th. They issued a “neutral” rating on the stock. One equities research 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.com, the company currently has an average rating of “Hold” and a consensus 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.