Stora Enso Oyj (SEOAY) Rating Increased to Hold 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. “
Separately, ValuEngine cut Stora Enso Oyj from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st.
Stora Enso Oyj (OTCMKTS:SEOAY) last released its 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. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Stora Enso Oyj had a return on equity of 15.12% and a net margin of 8.69%. As a group, equities research analysts predict that Stora Enso Oyj will post 1.29 earnings per share for the current 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.
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