Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) – Jefferies Financial Group decreased their FY2023 earnings per share (EPS) estimates for shares of Stora Enso Oyj in a research note issued to investors on Wednesday, September 21st. Jefferies Financial Group analyst C. Hathorn now forecasts 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.
Several other analysts have also weighed in on SEOAY. Morgan Stanley upped their target price on Stora Enso Oyj from €15.90 ($16.22) to €16.00 ($16.33) and gave the company an “underweight” rating in a report on Tuesday, July 12th. Danske raised shares of Stora Enso Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, September 13th. Exane BNP Paribas downgraded shares of Stora Enso Oyj from an “outperform” rating to a “neutral” rating and set a €17.00 ($17.35) target price for the company. in a report on Tuesday, July 26th. Finally, BNP Paribas downgraded shares of Stora Enso Oyj from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.88.
Stora Enso Oyj Trading Down 1.2 %
Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) last issued its quarterly earnings results 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 net margin of 13.60% and a return on equity of 10.81%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.08 billion.
Stora Enso Oyj Company Profile
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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