Mercer International (NASDAQ:MERC) (TSE:MRI.U) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.24. The company had revenue of $337.70 million during the quarter, compared to the consensus estimate of $318.15 million. Mercer International had a return on equity of 17.19% and a net margin of 6.03%. The business’s revenue was up 52.3% compared to the same quarter last year.
Shares of NASDAQ MERC opened at $13.70 on Wednesday. The stock has a market cap of $864.73, a P/E ratio of 10.73 and a beta of 1.63. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.57 and a current ratio of 1.98. Mercer International has a 1-year low of $10.45 and a 1-year high of $15.00.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Investors of record on Wednesday, March 28th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.65%.
A number of brokerages recently weighed in on MERC. BidaskClub raised Mercer International from a “strong sell” rating to a “sell” rating in a report on Friday, March 23rd. ValuEngine upgraded Mercer International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.19.
In related news, CEO David M. Gandossi sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $12.79, for a total transaction of $153,480.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jimmy S. H. Lee sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $14.46, for a total value of $361,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,300 shares of company stock worth $1,104,696. 4.90% of the stock is owned by corporate insiders.
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About Mercer International
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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