Mercer International (MERC) to Release Earnings on Thursday

Mercer International (NASDAQ:MERC) (TSE:MRI.U) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Parties that are interested in participating in the company’s conference call can do so using this link.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its quarterly earnings data on Friday, February 16th. The basic materials company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.06). Mercer International had a negative net margin of 12.14% and a negative return on equity of 29.17%. The business had revenue of $470.50 million during the quarter, compared to analyst estimates of $508.46 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Mercer International’s revenue for the quarter was down 19.3% compared to the same quarter last year. 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 Price Performance

Shares of MERC opened at $10.82 on Tuesday. 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 stock has a 50 day simple moving average of $9.81 and a 200 day simple moving average of $9.20. Mercer International has a 52-week low of $7.01 and a 52-week high of $10.88. The firm has a market capitalization of $723.32 million, a PE ratio of -2.97 and a beta of 1.36.

Mercer International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were given a $0.075 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $0.30 annualized dividend and a dividend yield of 2.77%. Mercer International’s dividend payout ratio is presently -8.24%.

Wall Street Analysts Forecast Growth

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

About Mercer International

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.