Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) – Equities researchers at Jefferies Financial Group dropped their FY2023 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 expects that the basic materials company will post earnings per share of $1.29 for the year, down from their prior forecast of $1.31. 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 FY2024 earnings at $1.20 EPS and FY2025 earnings at $1.23 EPS.

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

Stora Enso Oyj Price Performance

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

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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