Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) declared a dividend on Thursday, October 31st, Fidelity reports. Investors of record on Thursday, December 12th will be paid a dividend of 0.1375 per share by the basic materials company on Thursday, December 19th. The ex-dividend date is Wednesday, December 11th. This is an increase from Mercer International’s previous dividend of $0.12.
MERC stock opened at $12.10 on Monday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.52 and a current ratio of 3.84. The business has a 50-day simple moving average of $12.35 and a two-hundred day simple moving average of $12.99. The company has a market capitalization of $794.11 million, a P/E ratio of 6.17 and a beta of 1.59. Mercer International has a 52-week low of $9.36 and a 52-week high of $17.74.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. Mercer International had a return on equity of 17.72% and a net margin of 6.34%. The firm had revenue of $383.54 million during the quarter, compared to the consensus estimate of $398.57 million. During the same period in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Mercer International will post 0.55 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on MERC shares. ValuEngine lowered Mercer International from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. BidaskClub downgraded shares of Mercer International from a “hold” rating to a “sell” rating in a report on Saturday, November 23rd. TD Securities lowered shares of Mercer International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $16.50 to $12.50 in a research note on Friday, October 18th. Raymond James reiterated an “outperform” rating and issued a $20.00 target price on shares of Mercer International in a research note on Friday, November 1st. Finally, Zacks Investment Research downgraded shares of Mercer International from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.50.
About Mercer International
Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood Kraft (NBSK) pulp in the United States, Europe, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It produces NBSK pulp primarily from wood chips and pulp logs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.
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