Mercer International (NASDAQ:MERC) Issues Quarterly Earnings Results

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

Mercer International Price Performance

Shares of NASDAQ MERC opened at $0.23 on Friday. The company has a market cap of $15.21 million, a PE ratio of -0.03 and a beta of 0.67. Mercer International has a 12 month low of $0.12 and a 12 month high of $2.85. The company has a 50-day simple moving average of $0.27 and a 200-day simple moving average of $0.93.

Analyst Upgrades and Downgrades

MERC has been the subject of a number of recent research reports. Weiss Ratings cut shares of Mercer International from a “sell (e+)” rating to a “sell (e)” rating in a research note on Wednesday. Wall Street Zen upgraded Mercer International from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Royal Bank Of Canada lowered their target price on Mercer International from $0.75 to $0.20 and set a “sector perform” rating on the stock in a report on Friday, October 16th. TD dropped their price target 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. Finally, Canadian Imperial Bank of Commerce cut Mercer International from a “neutral” rating to a “sector underperform” rating and set a $0.15 price target for the company. in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus 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.