Sappi (OTCMKTS:SPPJY) Announces Quarterly Earnings Results

Sappi (OTCMKTS:SPPJY) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.10, Zacks reports. Sappi had a negative return on equity of 4.85% and a negative net margin of 12.70%.

Sappi Stock Performance

Shares of Sappi stock traded up $0.21 on Thursday, reaching $0.93. 151,500 shares of the company traded hands, compared to its average volume of 10,187. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70. The firm has a market capitalization of $562.26 million, a PE ratio of -0.84 and a beta of 0.58. The company has a 50 day moving average of $0.72 and a 200 day moving average of $0.96. Sappi has a 52 week low of $0.59 and a 52 week high of $1.74.

Wall Street Analyst Weigh In

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

Sappi Company Profile

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.