According to Zacks, “UPM-Kymmene Corporation is a global paper and forest products company. The Company is engaged in the production of paper, with an emphasis on the manufacture and sale of printing and writing papers. UPM is known as a modern and focused forest industry company. It consists of three Business Groups: Energy and Pulp, Paper, and Engineered Materials. The company’s main market areas are Europe and North America. UPM’s activities are centered in the European Union countries and North America, and Asia. The Company’s activities are based on close integration of raw materials, energy and production. Its vision is to be the front-runner in the new forest industry and to create value by offering competitive products and services to customers worldwide. “
Separately, ValuEngine upgraded shares of UPM-Kymmene from a “sell” rating to a “hold” rating in a report on Friday, March 1st.
UPM-Kymmene (OTCMKTS:UPMKY) last issued its quarterly earnings data on Friday, April 26th. The basic materials company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. UPM-Kymmene had a net margin of 13.95% and a return on equity of 13.43%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Equities research analysts expect that UPM-Kymmene will post 2.55 earnings per share for the current fiscal year.
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 Communication Papers, UPM Plywood, and Other operations segments. The company provides eucalyptus, birch, and softwood pulp grades for tissue, specialty and graphic papers, boards, and packaging; sawn timber for construction, packaging, distribution, joinery, and furniture industries; and wood-based renewable diesel and renewable naphtha for fuel distributors, transportation, and oil and petrochemicals industries.
Featured Article: What Does Beta Mean In Stock Selection
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.