Sappi (OTCMKTS:SPPJY) Announces Earnings Results

Sappi (OTCMKTS:SPPJY) posted its earnings results on Thursday. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11), Zacks reports. Sappi had a net margin of 1.75% and a return on equity of 6.12%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.34 billion.

Sappi Stock Performance

Sappi stock opened at $1.30 on Friday. Sappi has a fifty-two week low of $1.11 and a fifty-two week high of $3.20. The company has a market capitalization of $727.87 million, a price-to-earnings ratio of 7.65 and a beta of 0.87. The stock has a fifty day moving average of $1.46 and a two-hundred day moving average of $1.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.62 and a current ratio of 1.24.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sappi has a consensus rating of “Hold”.

Sappi Company Profile

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.