Stora Enso Oyj (OTCMKTS:SEOAY) Releases Earnings Results, Misses Estimates By $0.04 EPS

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

Stora Enso Oyj Trading Down 5.6 %

OTCMKTS SEOAY opened at $10.10 on Wednesday. Stora Enso Oyj has a 1-year low of $9.43 and a 1-year high of $15.29. The stock has a 50-day moving average of $10.39 and a 200-day moving average of $11.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.83.

Stora Enso Oyj Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.1049 per share. The ex-dividend date of this dividend was Friday, December 13th.

Analyst Upgrades and Downgrades

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

About Stora Enso Oyj

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.