Stora Enso Oyj (SEOAY) Downgraded to “Sell” at Zacks Investment Research
According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “
A number of other brokerages have also recently commented on SEOAY. ValuEngine cut shares of Stora Enso Oyj from a sell rating to a strong sell rating in a research report on Monday, April 1st. Goldman Sachs Group upgraded shares of Stora Enso Oyj from a neutral rating to a buy rating in a research report on Tuesday, April 23rd.
Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Friday, February 1st. The basic materials company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Stora Enso Oyj had a net margin of 8.69% and a return on equity of 15.12%. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $2.92 billion. As a group, sell-side analysts predict that Stora Enso Oyj will post 1.25 EPS for the current fiscal year.
Stora Enso Oyj Company Profile
Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The company operates through five divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops virgin fiber carton board used for packaging for liquid, food, pharmaceutical, and luxury goods.
See Also: Earnings Per Share
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stora Enso Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stora Enso Oyj and related companies with MarketBeat.com's FREE daily email newsletter.