Sappi (OTCMKTS:SPPJY) Issues Quarterly Earnings Results

Sappi (OTCMKTS:SPPJY) released its quarterly earnings results on Thursday. The basic materials company reported $0.04 EPS for the quarter, reports. The company had revenue of $1.37 billion for the quarter. Sappi had a net margin of 5.27% and a return on equity of 16.77%.

Shares of OTCMKTS SPPJY remained flat at $$3.11 during trading on Friday. 923 shares of the stock traded hands, compared to its average volume of 1,205. The company has a fifty day simple moving average of $3.73. Sappi has a 1-year low of $3.04 and a 1-year high of $7.49. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 5.18, a price-to-earnings-growth ratio of 0.45 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.46 and a quick ratio of 0.95.

Several analysts recently commented on the stock. ValuEngine upgraded shares of Sappi from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research lowered shares of Sappi from a “hold” rating to a “sell” rating in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. lowered shares of Sappi from an “overweight” rating to a “neutral” rating in a research report on Wednesday, June 5th.

Sappi Company Profile

Sappi Limited, a woodfibre company, manufactures and sells dissolving wood pulp, specialties and packaging papers, and graphic/printing papers to direct and indirect customers in North America, Europe, Southern Africa, and internationally. The company offers dissolving wood pulp products that are used by converters to create viscose fiber for clothing and textiles, acetate tow, and pharmaceutical products, as well as a range of consumer products.

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Earnings History for Sappi (OTCMKTS:SPPJY)

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