Sappi (OTCMKTS:SPPJY) Sets New 12-Month Low After Earnings Miss

Key Points

• Sappi's share price hit a new 52-week low of $0.89 on Friday following a disappointing earnings announcement.
• The company reported EPS of ($0.08), missing the consensus of ($0.04) by $0.04, and showed negative profitability metrics (ROE -2.34% and net margin -5.31%).
• Analyst action: Zacks upgraded Sappi from "strong sell" to hold on April 13, and the stock's average analyst rating is currently Hold.

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report)'s share price hit a new 52-week low during trading on Friday following a dissappointing earnings announcement. The company traded as low as $0.89 and last traded at $0.89, with a volume of 17482 shares trading hands. The stock had previously closed at $1.0024.

The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sappi had a negative return on equity of 2.34% and a negative net margin of 5.31%.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sappi from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Sappi Stock Performance

The firm has a market cap of $538.08 million, a PE ratio of -1.93 and a beta of 0.61. The company has a 50 day simple moving average of $1.06 and a 200-day simple moving average of $1.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.18 and a quick ratio of 0.55.

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.

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