Mercer International Inc. (MERC) to Release Quarterly Earnings on Thursday

Posted by on Jul 31st, 2016

Mercer International Inc. (NASDAQ:MERC) is scheduled to be announcing its earnings results after the market closes on Thursday, July 28th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.

MERC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Mercer International from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $15.00 price target on shares of Mercer International in a research report on Sunday, June 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $13.75 price target on shares of Mercer International in a research report on Sunday, May 1st. Standpoint Research assumed coverage on shares of Mercer International in a research report on Tuesday, April 26th. They set a “buy” rating and a $12.00 price target for the company. Finally, TheStreet raised shares of Mercer International from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $12.96.

Mercer International Inc. (NASDAQ:MERC) traded up 0.3655% during mid-day trading on Wednesday, hitting $8.2099. 107,652 shares of the company traded hands. Mercer International Inc. has a one year low of $5.95 and a one year high of $13.07. The company’s 50-day moving average price is $8.27 and its 200 day moving average price is $8.44. The company has a market capitalization of $530.50 million and a price-to-earnings ratio of 7.4908.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Monday, June 27th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date was Thursday, June 23rd.

Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.