What is Raymond James’ Estimate for MERC FY2024 Earnings?

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) – Equities research analysts at Raymond James lowered their FY2024 EPS estimates for shares of Mercer International in a report issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now expects that the basic materials company will post earnings per share of ($1.78) for the year, down from their prior forecast of ($1.15). The consensus estimate for Mercer International’s current full-year earnings is ($1.15) per share. Raymond James also issued estimates for Mercer International’s FY2025 earnings at ($0.07) EPS.

A number of other brokerages also recently commented on MERC. Royal Bank of Canada lowered their price target on shares of Mercer International from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. StockNews.com upgraded Mercer International from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, CIBC reduced their price target on Mercer International from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.38.

Mercer International Trading Up 2.3 %

Mercer International stock opened at $6.53 on Thursday. The stock has a 50-day moving average price of $6.45 and a 200 day moving average price of $8.01. Mercer International has a 52 week low of $5.33 and a 52 week high of $11.20. The stock has a market cap of $436.53 million, a PE ratio of -1.90 and a beta of 1.34. The company has a current ratio of 3.46, a quick ratio of 2.17 and a debt-to-equity ratio of 3.22.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.08). Mercer International had a negative return on equity of 17.93% and a negative net margin of 9.90%. The company had revenue of $499.40 million for the quarter, compared to analysts’ expectations of $482.35 million. During the same period in the previous year, the business posted ($1.48) EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis.

Institutional Trading of Mercer International

A number of institutional investors have recently added to or reduced their stakes in the business. Everence Capital Management Inc. acquired a new stake in Mercer International in the first quarter valued at approximately $261,000. Russell Investments Group Ltd. acquired a new position in shares of Mercer International during the first quarter worth $193,000. Finally, SG Americas Securities LLC boosted its stake in shares of Mercer International by 26.5% in the first quarter. SG Americas Securities LLC now owns 51,201 shares of the basic materials company’s stock valued at $509,000 after purchasing an additional 10,713 shares during the period. 85.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Estrada Juan Carlos Bueno bought 7,800 shares of Mercer International stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $6.60 per share, for a total transaction of $51,480.00. Following the completion of the acquisition, the chief executive officer now owns 67,615 shares of the company’s stock, valued at $446,259. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Mercer International news, VP Wolfgang Beck acquired 18,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $6.02 per share, for a total transaction of $111,370.00. Following the completion of the purchase, the vice president now directly owns 26,263 shares in the company, valued at $158,103.26. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Estrada Juan Carlos Bueno bought 7,800 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $6.60 per share, for a total transaction of $51,480.00. Following the purchase, the chief executive officer now owns 67,615 shares in the company, valued at approximately $446,259. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 41,300 shares of company stock valued at $252,650 over the last quarter. Company insiders own 4.20% of the company’s stock.

Mercer International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 4.59%. The ex-dividend date was Wednesday, September 25th. Mercer International’s dividend payout ratio (DPR) is -8.75%.

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.