Mercer International (NASDAQ:MERC) Issues Quarterly Earnings Results

Mercer International (NASDAQ:MERC) (TSE:MRI.U) released its earnings results on Thursday. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.23, Zacks reports. Mercer International had a negative return on equity of 17.62% and a negative net margin of 9.33%.

Mercer International Trading Up 1.2 %

NASDAQ MERC traded up $0.08 on Thursday, reaching $6.58. The company had a trading volume of 414,096 shares, compared to its average volume of 233,579. The firm has a market cap of $440.00 million, a price-to-earnings ratio of -2.33 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. The business has a 50 day moving average of $6.52 and a two-hundred day moving average of $6.46. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.79 and a quick ratio of 2.39.

Mercer International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 26th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.56%. Mercer International’s payout ratio is -10.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MERC shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $7.00 price target on shares of Mercer International in a research note on Monday, November 4th. Raymond James dropped their price target on Mercer International from $7.50 to $7.00 in a research note on Thursday, January 30th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Mercer International has a consensus rating of “Hold” and a consensus price target 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.