Sappi (OTCMKTS:SPPJY) Issues Earnings Results

Sappi (OTCMKTS:SPPJY) announced its earnings results on Thursday. The basic materials company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10, Zacks reports. Sappi had a negative net margin of 12.70% and a negative return on equity of 4.85%.

Sappi Price Performance

OTCMKTS SPPJY traded up $0.21 during trading hours on Thursday, reaching $0.93. 151,500 shares of the company’s stock were exchanged, compared to its average volume of 10,187. Sappi has a one year low of $0.59 and a one year high of $1.74. The company has a current ratio of 1.35, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average of $0.72 and a 200-day moving average of $0.96. The stock has a market cap of $562.26 million, a PE ratio of -0.84 and a beta of 0.58.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sappi has a consensus rating of “Hold”.

About Sappi

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.