Sappi (OTCMKTS:SPPJY) Releases Earnings Results

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

Sappi Stock Performance

SPPJY opened at $2.65 on Thursday. The company’s fifty day moving average price is $2.77 and its two-hundred day moving average price is $2.77. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 5.91 and a beta of 1.01. The company has a current ratio of 1.50, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. Sappi has a 1-year low of $2.18 and a 1-year high of $3.20.

Sappi Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.1082 per share. The ex-dividend date of this dividend was Friday, January 10th. Sappi’s payout ratio is 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.