Sappi (OTCMKTS:SPPJY) Announces Quarterly Earnings Results

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

Sappi Stock Performance

SPPJY traded up $0.30 on Wednesday, hitting $2.90. 4,844 shares of the company’s stock were exchanged, compared to its average volume of 877. The company has a current ratio of 1.50, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average of $2.77 and a two-hundred day moving average of $2.77. Sappi has a twelve month low of $2.18 and a twelve month high of $3.20. The firm has a market cap of $1.62 billion, a PE ratio of 96.70 and a beta of 1.01.

Sappi Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were given a $0.1082 dividend. The ex-dividend date of this dividend was Friday, January 10th. Sappi’s payout ratio is currently 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.