Mercer International (MERC) Scheduled to Post Earnings on Thursday

Mercer International (NASDAQ:MERCGet Free Report) (TSE:MRI.U) is scheduled to post its quarterly earnings results after the market closes on Thursday, February 15th. Analysts expect Mercer International to post earnings of ($0.57) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Mercer International Price Performance

Shares of MERC opened at $8.03 on Tuesday. The stock’s 50-day moving average price is $8.88 and its two-hundred day moving average price is $8.79. Mercer International has a 1 year low of $7.37 and a 1 year high of $11.77. The stock has a market cap of $534.24 million, a P/E ratio of -3.96 and a beta of 1.36. The company has a current ratio of 3.97, a quick ratio of 2.40 and a debt-to-equity ratio of 2.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MERC. Ameriprise Financial Inc. lifted its position in Mercer International by 13.7% in the third quarter. Ameriprise Financial Inc. now owns 264,007 shares of the basic materials company’s stock worth $2,265,000 after purchasing an additional 31,879 shares during the period. Rhumbline Advisers boosted its holdings in Mercer International by 8.4% during the third quarter. Rhumbline Advisers now owns 68,883 shares of the basic materials company’s stock valued at $591,000 after acquiring an additional 5,313 shares during the period. Geode Capital Management LLC boosted its holdings in Mercer International by 2.9% during the second quarter. Geode Capital Management LLC now owns 436,073 shares of the basic materials company’s stock valued at $3,519,000 after acquiring an additional 12,335 shares during the period. BNP Paribas Arbitrage SNC boosted its holdings in Mercer International by 29.1% during the second quarter. BNP Paribas Arbitrage SNC now owns 6,396 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 1,440 shares during the period. Finally, State of Tennessee Treasury Department boosted its holdings in Mercer International by 83.8% during the fourth quarter. State of Tennessee Treasury Department now owns 51,160 shares of the basic materials company’s stock valued at $595,000 after acquiring an additional 23,320 shares during the period. Institutional investors and hedge funds own 83.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. CIBC raised Mercer International from a “sector underperform” rating to a “neutral” rating and boosted their price target for the stock from $8.00 to $9.00 in a report on Friday, January 12th. StockNews.com raised Mercer International to a “sell” rating in a research note on Thursday, February 1st. Raymond James lifted their price objective on Mercer International from $7.50 to $8.50 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. Finally, TD Securities boosted their price target on Mercer International from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.92.

View Our Latest Research Report on MERC

Mercer International Company Profile

(Get Free Report)

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. The company operates through two segments, Pulp and Wood Products. It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities.

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Earnings History for Mercer International (NASDAQ:MERC)

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