Wall Street brokerages expect Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) to report earnings per share of ($0.42) for the current quarter, according to Zacks. Zero analysts have issued estimates for Mercer International’s earnings. Mercer International reported earnings per share of $0.68 in the same quarter last year, which would suggest a negative year over year growth rate of 161.8%. The company is scheduled to issue 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 $0.55 per share for the current financial year. For the next financial year, analysts expect that the firm will report earnings of $2.32 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Mercer International.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.02 EPS for the quarter, beating 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 business had revenue of $383.54 million for the quarter, compared to the consensus estimate of $398.57 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. Mercer International’s revenue for the quarter was up 15.9% on a year-over-year basis.
MERC has been the subject of several analyst reports. ValuEngine lowered shares of Mercer International from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Raymond James restated an “outperform” rating and issued a $20.00 price objective on shares of Mercer International in a report on Friday, November 1st. Zacks Investment Research upgraded shares of Mercer International from a “sell” rating to a “hold” rating in a report on Thursday, December 26th. BidaskClub lowered shares of Mercer International from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 8th. Finally, TD Securities lowered shares of Mercer International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.50 to $12.50 in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.50.
MERC traded up $0.37 during trading on Friday, reaching $12.56. The stock had a trading volume of 1,103 shares, compared to its average volume of 258,981. The business has a 50-day moving average of $12.24 and a 200-day moving average of $12.43. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.52 and a current ratio of 3.84. Mercer International has a one year low of $10.57 and a one year high of $17.74. The stock has a market cap of $804.61 million, a PE ratio of 6.41 and a beta of 1.56.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were given a dividend of $0.1375 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.55 annualized dividend and a dividend yield of 4.38%. This is an increase from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s dividend payout ratio (DPR) is 28.06%.
A number of hedge funds have recently modified their holdings of the stock. Iat Reinsurance Co. LTD. boosted its holdings in Mercer International by 0.9% in the third quarter. Iat Reinsurance Co. LTD. now owns 16,480,000 shares of the basic materials company’s stock worth $206,659,000 after purchasing an additional 140,000 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Mercer International by 98.5% during the second quarter. Parametric Portfolio Associates LLC now owns 119,607 shares of the basic materials company’s stock worth $1,850,000 after acquiring an additional 59,343 shares during the period. California Public Employees Retirement System grew its holdings in Mercer International by 9.2% during the third quarter. California Public Employees Retirement System now owns 118,063 shares of the basic materials company’s stock worth $1,481,000 after acquiring an additional 9,990 shares during the period. James Investment Research Inc. increased its stake in Mercer International by 3.2% in the 3rd quarter. James Investment Research Inc. now owns 79,650 shares of the basic materials company’s stock worth $999,000 after purchasing an additional 2,490 shares in the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in Mercer International in the 3rd quarter worth about $203,000. Institutional investors own 79.49% of the company’s stock.
Mercer International Company Profile
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.
See Also: Cost of Debt
Get a free copy of the Zacks research report on Mercer International (MERC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mercer International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercer International and related companies with MarketBeat.com's FREE daily email newsletter.