Sappi (OTCMKTS:SPPJY) Announces Quarterly Earnings Results

Sappi (OTCMKTS:SPPJY) posted its earnings results on Wednesday. The basic materials company reported $0.14 earnings per share for the quarter, Zacks reports. Sappi had a return on equity of 11.55% and a net margin of 0.60%.

Sappi Stock Performance

Shares of SPPJY opened at $2.65 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.48 billion, a PE ratio of 5.91 and a beta of 1.01. Sappi has a 12 month low of $2.18 and a 12 month high of $3.20. The stock has a fifty day moving average price of $2.76 and a 200-day moving average price of $2.76.

Sappi Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a $0.1082 dividend. The ex-dividend date was Friday, January 10th. Sappi’s dividend payout ratio is currently 333.44%.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.