Sappi (OTCMKTS:SPPJY) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

by · The Markets Daily

Sappi (OTCMKTS:SPPJY – Get Free Report) released its quarterly earnings data on Thursday. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01), Zacks reports. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.42 billion. Sappi had a negative net margin of 12.70% and a negative return on equity of 4.85%.

Sappi Trading Up 1.1%

Shares of SPPJY traded up $0.01 during midday trading on Friday, hitting $0.94. 1,100 shares of the stock were exchanged, compared to its average volume of 12,541. Sappi has a 52-week low of $0.59 and a 52-week high of $1.74. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35. The stock has a fifty day simple moving average of $0.72 and a 200 day simple moving average of $0.96. The firm has a market cap of $568.31 million, a P/E ratio of -0.85 and a beta of 0.58.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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About Sappi

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Sappi Limited, trading on the OTCMKTS as SPPJY, is a global pulp and paper company headquartered in Johannesburg, South Africa. Originally established in 1936 as South African Pulp and Paper Industries, Sappi has grown into a diversified manufacturer of dissolving wood pulp, graphic papers, packaging and specialty papers. The company serves customers in over 150 countries and operates a network of mills and sales offices across three key regions: Europe, North America and South Africa.

Sappi’s product portfolio is organized into several main categories.

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