Mercer International (NASDAQ:MERC) Releases Quarterly Earnings Results

Mercer International (NASDAQ:MERC) (TSE:MRI.U) issued its quarterly earnings results on Thursday. The basic materials company reported ($0.88) EPS for the quarter, beating analysts’ consensus estimates of ($1.11) by $0.23, FiscalAI reports. The company had revenue of $440.67 million for the quarter, compared to analyst estimates of $452.00 million. Mercer International had a negative return on equity of 352.57% and a negative net margin of 27.86%.

Mercer International Price Performance

NASDAQ:MERC traded down $0.00 on Thursday, hitting $0.25. 6,115,593 shares of the company’s stock were exchanged, compared to its average volume of 35,580,728. The firm has a 50-day moving average price of $0.27 and a 200-day moving average price of $0.93. Mercer International has a 52 week low of $0.12 and a 52 week high of $2.85. The company has a market cap of $16.71 million, a P/E ratio of -0.03 and a beta of 0.67.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MERC. TD reduced their price objective on Mercer International from $0.40 to $0.15 and set a “sell” rating for the company in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce lowered Mercer International from a “neutral” rating to a “sector underperform” rating and set a $0.15 target price on the stock. in a research report on Tuesday, October 27th. Wall Street Zen upgraded Mercer International from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Royal Bank Of Canada cut their target price on Mercer International from $0.75 to $0.20 and set a “sector perform” rating on the stock in a research note on Friday, October 16th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mercer International in a research report on Monday, September 21st. One analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and a consensus price target of $0.85.

Mercer International Company Profile

Mercer International Inc is a global producer of market northern bleached softwood kraft (NBSK) pulp, a wood-fiber material used to manufacture tissue, printing and writing papers, specialty papers, and other fiber-based products. The company sells its pulp to customers in a range of international markets, primarily through direct sales and established distribution channels.

Mercer operates pulp mills in Germany and Canada. Its German operations include the Rosenthal mill in Blankenstein and the Stendal mill in Arneburg, while its Canadian operations include the Celgar mill in Castlegar, British Columbia.