Sappi (OTCMKTS:SPPJY) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

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

Sappi Price Performance

OTCMKTS SPPJY traded up $0.05 on Friday, reaching $0.94. The company’s stock had a trading volume of 479 shares, compared to its average volume of 11,300. Sappi has a twelve month low of $0.89 and a twelve month high of $2.25. 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 firm’s 50 day moving average is $1.06 and its two-hundred day moving average is $1.26. The stock has a market cap of $567.70 million, a PE ratio of -0.85 and a beta of 0.61.

Wall Street Analyst Weigh In

Separately, Zacks Research raised 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 company currently has an average 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.