Mercer International (MERC) Projected to Post Earnings on Thursday

Mercer International (NASDAQ:MERC) (TSE:MRI.U) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Mercer International to post earnings of $0.02 per share and revenue of $497.00 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Mercer International Trading Down 0.6 %

Shares of MERC opened at $6.45 on Thursday. The stock has a fifty day moving average of $6.52 and a two-hundred day moving average of $6.49. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.39 and a current ratio of 3.79. The company has a market capitalization of $431.31 million, a PE ratio of -2.28 and a beta of 1.29. Mercer International has a fifty-two week low of $5.33 and a fifty-two week high of $11.20.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Raymond James cut their price target on Mercer International from $7.50 to $7.00 in a report on Thursday, January 30th. StockNews.com raised shares of Mercer International from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $7.00 price objective on shares of Mercer International in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.25.

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.