Stora Enso Oyj (OTCMKTS:SEOAY) Issues Quarterly Earnings Results

Stora Enso Oyj (OTCMKTS:SEOAY) released its quarterly earnings data on Tuesday. The basic materials company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.04), Zacks reports. Stora Enso Oyj had a negative return on equity of 2.72% and a negative net margin of 0.75%.

Stora Enso Oyj Stock Down 0.9 %

Shares of SEOAY stock opened at $10.70 on Tuesday. Stora Enso Oyj has a 1 year low of $9.43 and a 1 year high of $15.29. The stock’s 50 day simple moving average is $10.37 and its two-hundred day simple moving average is $11.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.27.

Stora Enso Oyj Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.1049 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded shares of Stora Enso Oyj to a “hold” rating in a research report on Tuesday, October 15th.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.