Jefferies Group Equities Analysts Raise Earnings Estimates for Svenska Cellulosa SCA AB (SVCBY)

Svenska Cellulosa SCA AB (OTCMKTS:SVCBY) – Research analysts at Jefferies Group upped their FY2018 earnings per share estimates for shares of Svenska Cellulosa SCA in a research note issued to investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst J. Jordan now forecasts that the basic materials company will post earnings of $0.37 per share for the year, up from their prior estimate of $0.32.

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Separately, Zacks Investment Research lowered shares of Svenska Cellulosa SCA from a “hold” rating to a “sell” rating in a report on Friday, January 5th.

Shares of SVCBY traded down $0.34 during midday trading on Friday, reaching $10.36. The stock had a trading volume of 7,013 shares, compared to its average volume of 4,991. Svenska Cellulosa SCA has a 1-year low of $6.92 and a 1-year high of $35.36. The firm has a market capitalization of $6,817.60, a price-to-earnings ratio of 33.40, a PEG ratio of 2.56 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.66 and a debt-to-equity ratio of 0.14.

Svenska Cellulosa SCA (OTCMKTS:SVCBY) last issued its quarterly earnings results on Tuesday, January 30th. The basic materials company reported $0.10 EPS for the quarter. Svenska Cellulosa SCA had a net margin of 242.91% and a return on equity of 3.73%. The company had revenue of $510.33 million during the quarter. ILLEGAL ACTIVITY NOTICE: “Jefferies Group Equities Analysts Raise Earnings Estimates for Svenska Cellulosa SCA AB (SVCBY)” was originally posted by Enterprise Leader and is owned by of Enterprise Leader. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://theenterpriseleader.com/2018/04/02/svenska-cellulosa-sca-ab-svcby-to-post-fy2018-earnings-of-0-37-per-share-jefferies-group-forecasts.html.

Svenska Cellulosa SCA Company Profile

Svenska Cellulosa SCA AB is a Sweden-based forest products company that develops solid-wood products, pulp, kraftliner, publication papers and renewable energy. The Company consists of five business units: Forest, Wood, Pulp, Paper, Renewable Energy, and supporting unit Sourcing & Logistics. The Forest unit comprises management of over two million hectares forestland, which is used for timber production.

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