UPM-Kymmene Co. Forecasted to Post Q1 2019 Earnings of $0.63 Per Share (OTCMKTS:UPMKY)

UPM-Kymmene Co. (OTCMKTS:UPMKY) – Research analysts at Jefferies Financial Group issued their Q1 2019 earnings per share (EPS) estimates for UPM-Kymmene in a note issued to investors on Tuesday, March 19th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Hathorn expects that the basic materials company will post earnings per share of $0.63 for the quarter. Jefferies Financial Group also issued estimates for UPM-Kymmene’s Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.67 EPS, Q4 2019 earnings at $0.67 EPS, FY2019 earnings at $2.53 EPS, FY2021 earnings at $2.58 EPS and FY2022 earnings at $2.57 EPS.

Several other research firms have also recently issued reports on UPMKY. ValuEngine cut shares of UPM-Kymmene from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Zacks Investment Research cut shares of UPM-Kymmene from a “hold” rating to a “sell” rating in a report on Saturday, January 26th.

Shares of OTCMKTS:UPMKY traded down $0.29 on Friday, reaching $30.04. The company’s stock had a trading volume of 1,872 shares, compared to its average volume of 13,240. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 6.56 and a beta of 1.24. UPM-Kymmene has a 52-week low of $24.26 and a 52-week high of $40.64.

UPM-Kymmene (OTCMKTS:UPMKY) last announced its earnings results on Thursday, January 31st. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. UPM-Kymmene had a net margin of 14.19% and a return on equity of 13.35%. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.12 billion.

The company also recently declared an annual dividend, which will be paid on Wednesday, April 24th. Investors of record on Monday, April 8th will be issued a dividend of $1.222 per share. The ex-dividend date is Friday, April 5th. This represents a yield of 3.99%. UPM-Kymmene’s dividend payout ratio is currently 46.04%.

UPM-Kymmene Company Profile

UPM-Kymmene Oyj operates in the forest-based bio industry. It operates through UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA, UPM Plywood, and Other Operations divisions. The company provides eucalyptus, birch, and softwood pulp grades for tissue, specialty, graphic papers, and packaging; wood-based renewable diesel and naphtha for fuel distributors and transportation industries; and sawn timber for joinery, packaging, distribution, and construction industries.

Recommended Story: Quick Ratio

Get a free copy of the Zacks research report on UPM-Kymmene (UPMKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for UPM-Kymmene (OTCMKTS:UPMKY)

Receive News & Ratings for UPM-Kymmene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UPM-Kymmene and related companies with MarketBeat.com's FREE daily email newsletter.