Sappi (SPPJY) to Post Quarterly Earnings on Thursday

Sappi (OTCMKTS:SPPJY) is anticipated to release its resultson Thursday, August 6th. Analysts expect the company to post earnings of ($0.1764) per share and revenue of $1.4033 billion for the quarter.

Sappi (OTCMKTS:SPPJY) last released its earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.40 billion. Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%. On average, analysts expect Sappi to post $-0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sappi Stock Performance

Shares of SPPJY stock remained flat at $0.71 during trading hours on Tuesday. Sappi has a twelve month low of $0.59 and a twelve month high of $1.74. The stock has a fifty day simple moving average of $0.73 and a two-hundred day simple moving average of $0.98. The company has a current ratio of 1.35, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The stock has a market cap of $431.97 million, a P/E ratio of -0.64 and a beta of 0.59.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About Sappi

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.