Sappi (OTCMKTS:SPPJY) Releases Quarterly Earnings Results

Sappi (OTCMKTS:SPPJY - Get Free Report) announced 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 4.13% and a return on equity of 12.16%.

Sappi Stock Performance

SPPJY traded down $0.25 during trading on Friday, reaching $2.40. 12,215 shares of the company's stock were exchanged, compared to its average volume of 1,852. The company's fifty day simple moving average is $2.76 and its 200-day simple moving average is $2.76. The stock has a market capitalization of $1.34 billion, a P/E ratio of 5.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 0.87. Sappi has a 1 year low of $2.18 and a 1 year high of $3.20.

Sappi Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were paid a $0.1082 dividend. The ex-dividend date of this dividend was Friday, January 10th. Sappi's payout ratio is 26.32%.

About Sappi

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.