Stora Enso Oyj (OTCMKTS:SEOAY) Hits New 1-Year Low at $11.91

Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $11.91 and last traded at $12.21, with a volume of 66440 shares changing hands. The stock had previously closed at $13.29.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. initiated coverage on Stora Enso Oyj in a report on Tuesday, February 14th. They issued a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.83.

Stora Enso Oyj Trading Down 3.3 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.49 and a quick ratio of 1.01. The company has a fifty day moving average of $14.55 and a 200-day moving average of $14.21. The firm has a market capitalization of $9.63 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 4.05 and a beta of 1.13.

Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Stora Enso Oyj had a return on equity of 10.59% and a net margin of 13.13%. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. On average, sell-side analysts anticipate that Stora Enso Oyj will post 1.21 earnings per share for the current fiscal year.

Stora Enso Oyj Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 20th will be given a dividend of $0.5096 per share. This represents a yield of 3.89%. This is an increase from Stora Enso Oyj’s previous dividend of $0.50. The ex-dividend date is Friday, March 17th. Stora Enso Oyj’s dividend payout ratio is presently 17.56%.

About Stora Enso Oyj

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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: Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other. The Packaging Solutions division develops fibre-based packaging, and operates at every stage of the value chain from pulp production, material and packaging production to recycling.