Sappi (OTCMKTS:SPPJY) Issues Quarterly Earnings Results

Sappi (OTCMKTS:SPPJY) issued its quarterly earnings results on Friday. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03), Zacks reports. Sappi had a negative net margin of 15.44% and a negative return on equity of 6.41%.

Sappi Stock Performance

Shares of SPPJY stock traded down $0.05 on Friday, reaching $0.74. The stock had a trading volume of 1,100 shares, compared to its average volume of 608. Sappi has a 12 month low of $0.59 and a 12 month high of $1.72. The firm has a market capitalization of $449.63 million, a price-to-earnings ratio of -0.55, a P/E/G ratio of 0.29 and a beta of 0.59. The firm’s 50-day moving average is $0.82 and its two-hundred day moving average is $0.92. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 0.94.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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 data from MarketBeat.com, the stock has an average rating of “Hold”.

Sappi Company Profile

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.