Mercer International (MERC) to Release Quarterly Earnings on Thursday

Mercer International (NASDAQ:MERC) (TSE:MRI.U) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Investors that wish to register for the company’s conference call can do so using this link.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its quarterly earnings data on Friday, February 16th. The basic materials company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.06). The business had revenue of $470.50 million for the quarter, compared to analyst estimates of $508.46 million. Mercer International had a negative return on equity of 29.17% and a negative net margin of 12.14%. The business’s quarterly revenue was down 19.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. On average, analysts expect Mercer International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mercer International Stock Performance

Shares of MERC opened at $10.24 on Thursday. Mercer International has a 52 week low of $7.01 and a 52 week high of $10.59. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.37 and a current ratio of 3.82. The stock has a 50 day moving average price of $9.64 and a two-hundred day moving average price of $9.17. The firm has a market capitalization of $684.54 million, a P/E ratio of -2.80 and a beta of 1.38.

Mercer International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Tuesday, March 26th. Mercer International’s dividend payout ratio is -8.24%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MERC shares. TD Securities increased their target price on shares of Mercer International from $10.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Raymond James boosted their price objective on Mercer International from $8.50 to $10.50 and gave the company a “market perform” rating in a research report on Friday, April 19th. Royal Bank of Canada upped their price objective on shares of Mercer International from $9.00 to $10.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. CIBC raised Mercer International from a “sector underperform” rating to a “neutral” rating and increased their target price for the stock from $8.00 to $9.00 in a research report on Friday, January 12th. Finally, StockNews.com upgraded shares of Mercer International to a “sell” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.67.

About Mercer International

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.