Sappi (SPPJY) Expected to Post Earnings on Thursday

Sappi (OTCMKTS:SPPJY) is projected to post its resultson Thursday, August 6th. Analysts expect Sappi to post earnings of ($0.1764) per share and revenue of $1.4033 billion for the quarter.

Sappi (OTCMKTS:SPPJY) last posted its earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.40 billion. Sappi had a negative net margin of 12.70% and a negative return on equity of 4.85%. On average, analysts expect Sappi to post $-0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sappi Stock Performance

Shares of OTCMKTS SPPJY opened at $0.71 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average is $0.72 and its two-hundred day moving average is $0.97. The company has a market cap of $431.97 million, a P/E ratio of -0.64 and a beta of 0.58. Sappi has a 12 month low of $0.59 and a 12 month high of $1.74.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Sappi Company Profile

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.