Sappi (SPPJY) Projected to Release Quarterly Earnings on Friday

Sappi (OTCMKTS:SPPJY) is anticipated to announce its resultson Friday, November 6th. Analysts expect Sappi to announce earnings of ($0.03) per share and revenue of $1.37 billion for the quarter.

Sappi Stock Performance

Shares of SPPJY stock opened at $0.72 on Thursday. Sappi has a one year low of $0.59 and a one year high of $1.72. The company’s 50-day moving average is $0.83 and its 200 day moving average is $0.93. The company has a market capitalization of $435.30 million, a price-to-earnings ratio of -0.53, a price-to-earnings-growth ratio of 0.29 and a beta of 0.59. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.66 and a current ratio of 1.27.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.

About Sappi

Sappi Limited is a global forest-products company that produces woodfibre-based materials for customers in packaging, textiles, printing, publishing, and other industrial markets. Its portfolio includes dissolving pulp, packaging and speciality papers, graphic papers, and related biomaterials.

The company’s dissolving pulp is used in products such as textiles, nonwoven materials, pharmaceutical applications, and food-related products. Sappi also manufactures coated and uncoated papers for commercial printing, publishing, advertising, and office use, as well as flexible packaging papers, label papers, and other speciality products.

Founded in South Africa in 1936 as South African Pulp and Paper Industries, Sappi has developed into an international business with manufacturing operations and sales activities across Europe, North America, and Southern Africa.