Sappi (SPPJY) to Release Earnings on Thursday

Key Points

• Sappi will report quarterly results on Thursday, May 7; analysts expect EPS of ($0.04) and revenue of $1.402 billion for the quarter.
• In the prior quarter Sappi posted EPS of ($0.03) (in line with estimates) but revenue of $1.29 billion missed expectations, and the company shows profitability pressure with a negative return on equity (2.34%) and net margin (-5.31%).
• Sappi shares opened at $0.94 and were trading down about 5.6%, with a market cap of $570.66 million and a 52-week range of $0.90–$2.25; Zacks recently moved the stock from "strong sell" to "hold," and the consensus rating is Hold.

Sappi (OTCMKTS:SPPJY - Get Free Report) is expected to release its resultson Thursday, May 7th. Analysts expect Sappi to post earnings of ($0.04) per share and revenue of $1.4020 billion for the quarter.

Sappi (OTCMKTS:SPPJY - Get Free Report) last released its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). Sappi had a negative return on equity of 2.34% and a negative net margin of 5.31%.The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.34 billion. On average, analysts expect Sappi to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sappi Trading Down 5.6%

OTCMKTS:SPPJY opened at $0.94 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.18 and a quick ratio of 0.55. Sappi has a fifty-two week low of $0.90 and a fifty-two week high of $2.25. The stock's 50-day moving average is $1.07 and its two-hundred day moving average is $1.27. The stock has a market cap of $570.66 million, a PE ratio of -2.05 and a beta of 0.69.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sappi from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.