Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down After Earnings Miss

Stora Enso Oyj (OTCMKTS:SEOAY) shares gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $11.44, but opened at $10.13. Stora Enso Oyj shares last traded at $10.23, with a volume of 3,619 shares.

The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%.

Analysts Set New Price Targets

Separately, BNP Paribas Exane assumed coverage on shares of Stora Enso Oyj in a report on Wednesday, June 10th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Stora Enso Oyj presently has an average rating of “Hold” and an average price target of $10.80.

Stora Enso Oyj Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07. The company has a market cap of $8.08 billion, a PE ratio of 11.25 and a beta of 0.64. The company’s 50 day moving average price is $11.05 and its 200-day moving average price is $11.84.

About Stora Enso Oyj

Stora Enso Oyj is a Finland?based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.