Mercer International (MERC) Set to Announce Quarterly Earnings on Thursday

Mercer International (NASDAQ:MERC) (TSE:MRI.U) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Parties that wish to register for the company’s conference call can do so using this link.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its quarterly earnings results on Friday, February 16th. The basic materials company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.06). The business had revenue of $470.50 million for the quarter, compared to analyst estimates of $508.46 million. Mercer International had a negative return on equity of 29.17% and a negative net margin of 12.14%. The firm’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. On average, analysts expect Mercer International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mercer International Trading Down 3.0 %

NASDAQ MERC opened at $10.50 on Wednesday. The firm’s fifty day moving average is $9.85 and its two-hundred day moving average is $9.21. Mercer International has a one year low of $7.01 and a one year high of $10.91. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.37 and a current ratio of 3.82. The firm has a market cap of $701.93 million, a PE ratio of -2.88 and a beta of 1.36.

Mercer International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.86%. The ex-dividend date was Tuesday, March 26th. Mercer International’s dividend payout ratio (DPR) is presently -8.24%.

Wall Street Analyst Weigh In

MERC has been the subject of a number of recent research reports. Raymond James increased their price objective on Mercer International from $8.50 to $10.50 and gave the stock a “market perform” rating in a research report on Friday, April 19th. Royal Bank of Canada lifted their price objective on shares of Mercer International from $9.00 to $10.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. TD Securities upped their price objective on shares of Mercer International from $10.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. CIBC upgraded shares of Mercer International from a “sector underperform” rating to a “neutral” rating and raised their target price for the stock from $8.00 to $9.00 in a research note on Friday, January 12th. Finally, StockNews.com upgraded shares of Mercer International to a “sell” rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.67.

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.