Sappi (OTCMKTS:SPPJY) Releases Earnings Results, Beats Estimates By $0.10 EPS

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

Sappi Stock Up 30.0%

SPPJY stock traded up $0.21 during trading on Thursday, reaching $0.93. The stock had a trading volume of 151,500 shares, 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 quick ratio of 0.70, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $0.72 and its two-hundred day moving average is $0.96. The company has a market capitalization of $562.26 million, a price-to-earnings ratio of -0.84 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average 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.