Sappi (OTCMKTS:SPPJY) Announces Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Sappi (OTCMKTS:SPPJY) released its quarterly earnings results on Thursday. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11), Zacks reports. Sappi had a net margin of 1.75% and a return on equity of 6.12%.

Sappi Stock Down 5.8%

SPPJY stock traded down $0.08 during trading on Thursday, reaching $1.30. 303 shares of the company traded hands, compared to its average volume of 5,662. Sappi has a 12 month low of $1.11 and a 12 month high of $3.20. The business has a 50 day simple moving average of $1.47 and a 200 day simple moving average of $1.69. The company has a market capitalization of $727.87 million, a price-to-earnings ratio of 7.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.62 and a current ratio of 1.24.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.