Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down on Disappointing Earnings

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $11.44, but opened at $10.13. Stora Enso Oyj shares last traded at $10.23, with a volume of 3,619 shares.

The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.12). Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane assumed coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.80.

Stora Enso Oyj Stock Performance

The business has a 50 day moving average of $11.05 and a 200-day moving average of $11.84. The company has a market capitalization of $8.08 billion, a P/E ratio of 11.25 and a beta of 0.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07.

Stora Enso Oyj Company Profile

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.