Mercer International (NASDAQ:MERC) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Mercer International (NASDAQ:MERC) (TSE:MRI.U) released its quarterly earnings results on Thursday. The basic materials company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.02 by $0.23, Zacks reports. The business had revenue of $488.41 million during the quarter, compared to analyst estimates of $497.00 million. Mercer International had a negative net margin of 9.33% and a negative return on equity of 17.62%.

Mercer International Price Performance

Shares of NASDAQ MERC traded up $0.83 during trading on Friday, hitting $7.41. The company had a trading volume of 698,882 shares, compared to its average volume of 246,595. The company has a market cap of $495.51 million, a P/E ratio of -2.64 and a beta of 1.29. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.39 and a current ratio of 3.79. The business’s 50-day moving average is $6.52 and its 200 day moving average is $6.46. Mercer International has a 52 week low of $5.33 and a 52 week high of $11.20.

Mercer International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 4.05%. Mercer International’s dividend payout ratio (DPR) is presently -10.60%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MERC shares. Royal Bank of Canada restated a “sector perform” rating and issued a $7.00 target price on shares of Mercer International in a research report on Monday, November 4th. Raymond James decreased their price objective on Mercer International from $7.50 to $7.00 in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.25.

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.