FY2024 Earnings Estimate for MERC Issued By Raymond James

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) – Stock analysts at Raymond James boosted their FY2024 earnings per share estimates for shares of Mercer International in a report issued on Monday, January 20th. Raymond James analyst D. Swetlishoff now anticipates that the basic materials company will post earnings of ($1.44) per share for the year, up from their previous estimate of ($1.62). The consensus estimate for Mercer International’s current full-year earnings is ($1.62) per share. Raymond James also issued estimates for Mercer International’s FY2025 earnings at ($0.29) EPS and FY2026 earnings at ($0.04) EPS.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its earnings results on Thursday, October 31st. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.03. Mercer International had a negative net margin of 9.33% and a negative return on equity of 17.62%. The business had revenue of $502.14 million for the quarter, compared to analyst estimates of $485.84 million. During the same period last year, the firm posted ($0.39) earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year.

A number of other equities analysts have also issued reports on MERC. StockNews.com raised Mercer International from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $7.00 target price on shares of Mercer International in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Mercer International has a consensus rating of “Hold” and a consensus target price of $8.25.

Mercer International Trading Up 0.9 %

Shares of Mercer International stock opened at $6.51 on Wednesday. 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 $435.33 million, a P/E ratio of -2.30 and a beta of 1.29. Mercer International has a 1 year low of $5.33 and a 1 year high of $11.20. The company’s fifty day moving average is $6.41 and its two-hundred day moving average is $6.65.

Mercer International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 18th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.30 dividend on an annualized basis and a yield of 4.61%. Mercer International’s payout ratio is currently -10.60%.

Hedge Funds Weigh In On Mercer International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP lifted its holdings in shares of Mercer International by 505.8% in the 3rd quarter. Quantbot Technologies LP now owns 49,483 shares of the basic materials company’s stock valued at $335,000 after buying an additional 41,315 shares during the period. Entropy Technologies LP acquired a new stake in Mercer International in the third quarter valued at $75,000. Geode Capital Management LLC boosted its position in shares of Mercer International by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 525,532 shares of the basic materials company’s stock worth $3,559,000 after purchasing an additional 8,957 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Mercer International by 22.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,661 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 6,786 shares during the period. Institutional investors and hedge funds own 85.79% of the company’s stock.

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.