Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) – Equities research analysts at Jefferies Financial Group lowered their FY2023 earnings per share estimates for Stora Enso Oyj in a research note issued to investors on Wednesday, September 21st. Jefferies Financial Group analyst C. Hathorn now anticipates that the basic materials company will earn $1.29 per share 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.
Get Stora Enso Oyj alerts:Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) last announced its quarterly earnings data on Friday, July 22nd. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). Stora Enso Oyj had a return on equity of 10.81% and a net margin of 13.60%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.08 billion.
Several other research analysts have also weighed in on SEOAY. 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 company an "underweight" rating in a research note on Tuesday, July 12th. BNP Paribas cut Stora Enso Oyj from an "outperform" rating to a "neutral" rating in a research report on Tuesday, July 26th. Exane BNP Paribas lowered 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. Finally, Danske upgraded Stora Enso Oyj from a "hold" rating to a "buy" rating in a report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Stora Enso Oyj presently has an average rating of "Hold" and a consensus price target of $17.88.Stora Enso Oyj Price Performance
Shares of SEOAY opened at $13.55 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.38 and a quick ratio of 0.89. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 6.27, a P/E/G ratio of 3.32 and a beta of 1.13. The business's 50-day moving average is $15.01 and its 200-day moving average is $17.30. Stora Enso Oyj has a fifty-two week low of $13.46 and a fifty-two week high of $21.65.
Stora Enso Oyj Company Profile
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Stora Enso Oyj (SEOAY)
- What Steelcase's Earnings Say About the Return to the Office?
- The Institutions Hold On To Darden Restaurants International
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Is The Golden Age Of Homebuilding Already Over?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for Stora Enso Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stora Enso Oyj and related companies with MarketBeat.com's FREE daily email newsletter.