Stora Enso Oyj (OTCMKTS:SEOAY) Releases Earnings Results, Misses Expectations By $0.04 EPS

Stora Enso Oyj (OTCMKTS:SEOAY) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Stock Performance

Stora Enso Oyj stock opened at $10.39 on Thursday. The stock’s 50 day moving average is $10.39 and its 200 day moving average is $11.29. Stora Enso Oyj has a twelve month low of $9.43 and a twelve month high of $15.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.27.

Stora Enso Oyj Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.1049 per share. The ex-dividend date was Friday, December 13th.

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.