Analysts Anticipate Mercer International Inc. (NASDAQ:MERC) to Post -$0.54 EPS

Analysts forecast that Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) will announce ($0.54) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Mercer International’s earnings. Mercer International posted earnings of $0.68 per share in the same quarter last year, which would indicate a negative year over year growth rate of 179.4%. The firm is scheduled to announce its next earnings report after the market closes on Thursday, February 13th.

On average, analysts expect that Mercer International will report full year earnings of $0.42 per share for the current year. For the next year, analysts forecast that the business will post earnings of $1.95 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Mercer International.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Mercer International had a return on equity of 17.72% and a net margin of 6.34%. The business had revenue of $383.54 million during the quarter, compared to analyst estimates of $398.57 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year.

MERC has been the subject of a number of recent analyst reports. TD Securities lowered Mercer International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $16.50 to $12.50 in a report on Friday, October 18th. BidaskClub lowered Mercer International from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 8th. Zacks Investment Research raised Mercer International from a “sell” rating to a “hold” rating in a report on Thursday, December 26th. ValuEngine raised Mercer International from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Raymond James reissued an “outperform” rating and issued a $19.00 price objective on shares of Mercer International in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.17.

MERC stock traded up $0.47 on Friday, reaching $13.25. The company’s stock had a trading volume of 299,035 shares, compared to its average volume of 275,797. Mercer International has a 52 week low of $10.57 and a 52 week high of $17.74. The company has a market capitalization of $838.74 million, a P/E ratio of 7.79 and a beta of 1.56. The firm has a fifty day moving average of $12.26 and a two-hundred day moving average of $12.41. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.84 and a quick ratio of 2.52.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th were paid a dividend of $0.1375 per share. This is a positive change from Mercer International’s previous quarterly dividend of $0.12. This represents a $0.55 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Wednesday, December 11th. Mercer International’s dividend payout ratio (DPR) is presently 28.06%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC bought a new position in Mercer International during the 3rd quarter valued at $46,000. Public Employees Retirement System of Ohio boosted its stake in Mercer International by 6.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,877 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 819 shares in the last quarter. PVG Asset Management Corp bought a new position in Mercer International during the 2nd quarter valued at $178,000. Yorktown Management & Research Co Inc bought a new position in Mercer International during the 3rd quarter valued at $203,000. Finally, James Investment Research Inc. boosted its stake in Mercer International by 3.2% during the 3rd quarter. James Investment Research Inc. now owns 79,650 shares of the basic materials company’s stock valued at $999,000 after purchasing an additional 2,490 shares in the last quarter. 79.49% of the stock is owned by hedge funds and other institutional investors.

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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