Mercer International (MERC) Set to Announce Quarterly Earnings on Thursday

Mercer International (NASDAQ:MERC) (TSE:MRI.U) will announce its earnings results after the market closes on Thursday, May 9th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its earnings results on Friday, February 16th. The basic materials company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.06). Mercer International had a negative net margin of 12.14% and a negative return on equity of 29.17%. The business had revenue of $470.50 million for the quarter, compared to analysts’ expectations of $508.46 million. During the same period last year, the firm posted $0.30 earnings per share. Mercer International’s quarterly revenue was down 19.3% on a year-over-year basis. 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 stock opened at $10.50 on Wednesday. The firm has a market capitalization of $701.93 million, a price-to-earnings ratio of -2.88 and a beta of 1.36. The stock has a fifty day moving average of $9.85 and a 200 day moving average of $9.21. Mercer International has a 52 week low of $7.01 and a 52 week high of $10.91. The company has a quick ratio of 2.37, a current ratio of 3.82 and a debt-to-equity ratio of 2.53.

Mercer International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were issued a $0.075 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $0.30 annualized dividend and a yield of 2.86%. Mercer International’s dividend payout ratio (DPR) is presently -8.24%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MERC shares. Raymond James boosted their price target on shares of 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 raised their target price on 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 upped their price target for the stock from $8.00 to $9.00 in a research note on Friday, January 12th. TD Securities increased their price objective on Mercer International from $10.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Mercer International to a “sell” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.67.

Mercer International Company Profile

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.