Sappi (SPPJY) to Post Quarterly Earnings on Thursday

Sappi (OTCMKTS:SPPJYGet Free Report) is expected to announce its resultson Thursday, August 6th. Analysts expect the company to announce earnings of ($0.1764) per share and revenue of $1.4033 billion for the quarter.

Sappi (OTCMKTS:SPPJYGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations 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 opened at $0.70 on Thursday. The stock has a fifty day moving average price of $0.73 and a 200 day moving average price of $1.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35. The stock has a market cap of $425.87 million, a PE ratio of -0.63 and a beta of 0.59. Sappi has a 1 year low of $0.59 and a 1 year high of $1.78.

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on SPPJY

Sappi Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Sappi (OTCMKTS:SPPJY)

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