News headlines about Mercer International (NASDAQ:MERC) (TSE:MRI.U) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mercer International earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.0627955280736 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Is this the end of the pre-employment drug test? (dailyherald.com)
- The decline of the pre-employment drug test (seattletimes.com)
- NAFTA tribunal rules Canada did not violate trade agreement in pulp mill case (calgaryherald.com)
- NAFTA Tribunal Nixes US Energy Co.’s Claims Against Canada (law360.com)
MERC has been the subject of several analyst reports. BidaskClub downgraded shares of Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. ValuEngine upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Mercer International currently has an average rating of “Hold” and an average target price of $16.19.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.40 by $0.24. The firm had revenue of $337.70 million for the quarter, compared to the consensus estimate of $318.15 million. Mercer International had a net margin of 6.03% and a return on equity of 17.19%. The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 28th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Tuesday, March 27th. Mercer International’s payout ratio is 46.30%.
In related news, CEO David M. Gandossi sold 12,000 shares of Mercer International stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $12.79, for a total value of $153,480.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jimmy S. H. Lee sold 25,000 shares of Mercer International stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $13.32, for a total transaction of $333,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 120,514 shares of company stock worth $1,702,023 and sold 261,500 shares worth $3,670,030. 4.90% of the stock is owned by insiders.
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About Mercer International
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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