Sappi (OTCMKTS:SPPJY) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Sappi (OTCMKTS:SPPJY) posted its earnings results on Thursday. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04), Zacks reports. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Sappi had a negative net margin of 12.70% and a negative return on equity of 4.61%.

Sappi Trading Up 5.5%

Shares of SPPJY stock traded up $0.05 on Friday, hitting $0.94. 479 shares of the stock traded hands, compared to its average volume of 11,300. The firm’s 50-day moving average price is $1.06 and its two-hundred day moving average price is $1.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 1.18. The stock has a market capitalization of $567.70 million, a PE ratio of -0.85 and a beta of 0.61. Sappi has a twelve month low of $0.89 and a twelve month high of $2.25.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sappi Company Profile

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.