Sappi (OTCMKTS:SPPJY) Releases Earnings Results

Sappi (OTCMKTS:SPPJY) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, Zacks reports. Sappi had a net margin of 0.60% and a return on equity of 11.55%.

Sappi Stock Down 8.6 %

Sappi stock opened at $2.65 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.50 and a debt-to-equity ratio of 0.60. Sappi has a 12-month low of $2.18 and a 12-month high of $3.20. The firm’s fifty day moving average is $2.77 and its 200 day moving average is $2.77. The company has a market capitalization of $1.48 billion, a PE ratio of 5.91 and a beta of 1.01.

Sappi Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, January 10th were given a dividend of $0.1082 per share. The ex-dividend date of this dividend was Friday, January 10th. Sappi’s payout ratio is presently 333.44%.

Sappi Company Profile

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.