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

Stora Enso Oyj (OTCMKTS:SEOAY) posted its quarterly earnings data on Tuesday. The basic materials company reported ($0.86) earnings per share for the quarter, missing the consensus estimate 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 one year low of $9.43 and a one year high of $15.29. The company’s 50-day simple moving average is $10.39 and its 200 day simple moving average is $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 firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given 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 upgraded 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.