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

Stora Enso Oyj (OTCMKTS:SEOAY) posted its earnings results on Tuesday. The basic materials company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate 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 Price Performance

Shares of OTCMKTS:SEOAY opened at $10.70 on Tuesday. The company’s fifty day moving average price is $10.37 and its 200-day moving average price is $11.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.83. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of -118.88 and a beta of 0.86. Stora Enso Oyj has a one year low of $9.43 and a one year high of $15.29.

Stora Enso Oyj Cuts Dividend

The business also recently disclosed 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.

Analyst Upgrades and Downgrades

Separately, BNP Paribas upgraded Stora Enso Oyj to a “hold” rating in a research report 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.