Sappi (OTCMKTS:SPPJY) Releases 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) announced its quarterly earnings results on Thursday. The basic materials company reported ($0.04) EPS 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 Performance

Shares of SPPJY opened at $1.62 on Friday. The company's fifty day moving average is $1.79 and its 200-day moving average is $2.06. Sappi has a 12 month low of $1.42 and a 12 month high of $3.20. The firm has a market cap of $909.28 million, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.61 and a beta of 0.76. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 0.60.

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.

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