Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) – Stock analysts at Jefferies Financial Group boosted their FY2022 earnings per share (EPS) estimates for shares of Stora Enso Oyj in a note issued to investors on Wednesday, September 21st. Jefferies Financial Group analyst C. Hathorn now anticipates that the basic materials company will post earnings per share of $1.49 for the year, up from their prior estimate of $1.47. The consensus estimate for Stora Enso Oyj's current full-year earnings is $1.54 per share. Jefferies Financial Group also issued estimates for Stora Enso Oyj's Q4 2022 earnings at $0.33 EPS.

Several other brokerages also recently commented on SEOAY. BNP Paribas downgraded Stora Enso Oyj from an "outperform" rating to a "neutral" rating in a research note on Tuesday, July 26th. Morgan Stanley raised their target price on Stora Enso Oyj from €15.90 ($16.22) to €16.00 ($16.33) and gave the company an "underweight" rating in a research note on Tuesday, July 12th. Exane BNP Paribas downgraded Stora Enso Oyj from an "outperform" rating to a "neutral" rating and set a €17.00 ($17.35) target price for the company. in a research note on Tuesday, July 26th. Finally, Danske upgraded Stora Enso Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Stora Enso Oyj presently has an average rating of "Hold" and an average price target of $17.88.

Stora Enso Oyj Stock Performance

Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) last issued its quarterly earnings results on Friday, July 22nd. The basic materials company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.10). The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.08 billion. Stora Enso Oyj had a return on equity of 10.81% and a net margin of 13.60%.

About Stora Enso Oyj

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Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. 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 renewable and recyclable packaging materials for food and drink, pharmaceutical, and transport packaging.

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