Mercer International (NASDAQ:MERC) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Mercer International (NASDAQ:MERC) (TSE:MRI.U) released its quarterly earnings data on Thursday. The basic materials company reported $0.25 earnings per share for the quarter, beating 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 %

Shares of Mercer International stock traded up $0.08 on Thursday, reaching $6.58. 414,096 shares of the company were exchanged, compared to its average volume of 233,579. The firm has a market capitalization 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 company has a current ratio of 3.79, a quick ratio of 2.39 and a debt-to-equity ratio of 3.09. The stock has a fifty day moving average price of $6.52 and a 200-day moving average price of $6.46.

Mercer International Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MERC shares. Raymond James dropped their target price on Mercer International from $7.50 to $7.00 in a report on Thursday, January 30th. Royal Bank of Canada restated a “sector perform” rating and set a $7.00 price objective on shares of Mercer International in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Mercer International presently has an average rating of “Hold” and a consensus target price of $8.25.

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.