Stora Enso Oyj (OTCMKTS:SEOAY) – Jefferies Financial Group raised their Q4 2021 earnings per share estimates for Stora Enso Oyj in a research note issued on Thursday, January 13th. Jefferies Financial Group analyst C. Hathorn now expects that the basic materials company will post earnings per share of $0.39 for the quarter, up from their prior estimate of $0.34. Jefferies Financial Group also issued estimates for Stora Enso Oyj’s FY2024 earnings at $1.38 EPS and FY2025 earnings at $1.38 EPS.
Several other equities analysts have also issued reports on the company. UBS Group reaffirmed a “neutral” rating on shares of Stora Enso Oyj in a research report on Thursday, October 21st. Zacks Investment Research downgraded Stora Enso Oyj from a “buy” rating to a “sell” rating in a research note on Saturday, December 4th. Finally, Morgan Stanley started coverage on Stora Enso Oyj in a research note on Tuesday, October 26th. They set an “underweight” rating for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.26.
Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Wednesday, October 20th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.89 billion. Stora Enso Oyj had a return on equity of 8.36% and a net margin of 9.23%.
About Stora Enso Oyj
Stora Enso Oyj engages in the manufacturing and marketing of newsprint, book paper, magazine paper, fine paper, consumer board, industrial packaging, and wood products. It operates through the following divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops and provides consumer packaging boards for printing and packaging applications.
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