Sappi (OTCMKTS:SPPJY) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Key Points

• Sappi (OTCMKTS:SPPJY) reported a quarterly loss of ($0.04) EPS, missing estimates by ($0.07).
• The company generated $1.32 billion in revenue, falling short of analyst expectations of $1.35 billion.
• Sappi's stock opened at $1.62 with a market cap of approximately $909.28 million.

Sappi (OTCMKTS:SPPJY - Get Free Report) released its quarterly earnings data on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.07), Zacks reports. Sappi had a return on equity of 6.09% and a net margin of 1.75%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion.

Sappi Stock Down 5.9%

SPPJY traded down $0.10 during trading on Thursday, hitting $1.60. 1,282 shares of the company's stock were exchanged, compared to its average volume of 11,519. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The business's 50 day moving average is $1.77 and its two-hundred day moving average is $2.03. Sappi has a fifty-two week low of $1.42 and a fifty-two week high of $3.20. The stock has a market cap of $895.84 million, a P/E ratio of 9.41 and a beta of 0.76.

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.