Mercer International (NASDAQ:MERC) Announces Earnings Results, Misses Estimates By $0.08 EPS

Mercer International (NASDAQ:MERC) (TSE:MRI.U) released its quarterly earnings results on Thursday. The basic materials company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.08), Briefing.com reports. The business had revenue of $499.40 million during the quarter, compared to analyst estimates of $482.35 million. Mercer International had a negative return on equity of 26.21% and a negative net margin of 11.27%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.48) EPS.

Mercer International Price Performance

NASDAQ:MERC traded up $0.36 during trading hours on Friday, hitting $6.93. 468,320 shares of the stock were exchanged, compared to its average volume of 249,593. The company has a current ratio of 3.74, a quick ratio of 2.38 and a debt-to-equity ratio of 2.82. The firm’s fifty day moving average price is $8.16 and its 200 day moving average price is $9.00. The company has a market cap of $463.27 million, a P/E ratio of -2.02 and a beta of 1.36. Mercer International has a 52-week low of $6.18 and a 52-week high of $11.20.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Securities upped their price target on Mercer International from $10.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Raymond James upped their price target on Mercer International from $8.50 to $10.50 and gave the stock a “market perform” rating in a report on Friday, April 19th. Finally, StockNews.com lowered Mercer International from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.