Sappi (OTCMKTS:SPPJY) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Sappi (OTCMKTS:SPPJY) released its quarterly earnings results on Thursday. The basic materials company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.20, Zacks reports. Sappi had a negative net margin of 15.44% and a negative return on equity of 6.12%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.42 billion.

Sappi Trading Up 3.2%

Shares of OTCMKTS SPPJY traded up $0.03 during midday trading on Friday, reaching $0.96. The stock had a trading volume of 4,997 shares, compared to its average volume of 17,612. Sappi has a twelve month low of $0.59 and a twelve month high of $1.74. The company’s 50 day moving average price is $0.73 and its 200 day moving average price is $0.96. The firm has a market cap of $580.40 million, a price-to-earnings ratio of -0.71 and a beta of 0.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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, Based on data from MarketBeat, Sappi 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.