Sappi (SPPJY) Projected to Post Earnings on Friday

Sappi (OTCMKTS:SPPJY) is expected to be announcing its resultson Friday, November 6th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $1.37 billion for the quarter.

Sappi Stock Performance

Sappi stock opened at $0.80 on Wednesday. The business has a 50 day moving average of $0.83 and a 200-day moving average of $0.93. Sappi has a 1 year low of $0.59 and a 1 year high of $1.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.27 and a quick ratio of 0.66. The company has a market capitalization of $485.30 million, a P/E ratio of -0.59, a P/E/G ratio of 0.29 and a beta of 0.59.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Sappi

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.