Stora Enso Oyj (SEOAY) Projected to Post Earnings on Friday

Stora Enso Oyj (OTCMKTS:SEOAY) is projected to release its earnings data before the market opens on Friday, April 25th. Analysts expect Stora Enso Oyj to post earnings of $0.10 per share and revenue of $2.32 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Tuesday, February 11th. The basic materials company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.82) by ($0.04). Stora Enso Oyj had a negative return on equity of 3.97% and a negative net margin of 1.29%. On average, analysts expect Stora Enso Oyj to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Stora Enso Oyj Stock Performance

Shares of SEOAY opened at $8.56 on Friday. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of -53.50 and a beta of 0.89. Stora Enso Oyj has a 52-week low of $7.97 and a 52-week high of $15.29. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $10.09 and a 200 day moving average price of $10.56.

Stora Enso Oyj Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 24th were paid a $0.1348 dividend. The ex-dividend date was Monday, March 24th. This is an increase from Stora Enso Oyj’s previous dividend of $0.10. Stora Enso Oyj’s dividend payout ratio is currently -62.50%.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Stora Enso Oyj from an “overweight” rating to an “underweight” rating in a research report on Monday, April 7th.

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.