-$0.04 EPS Expected for Mercer International Inc. (NASDAQ:MERC) This Quarter

Equities analysts expect that Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) will post earnings of ($0.04) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Mercer International’s earnings. Mercer International reported earnings of $0.16 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 125%. The firm is expected to report its next earnings results on Thursday, August 6th.

On average, analysts expect that Mercer International will report full year earnings of ($0.18) per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.83 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Mercer International.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. Mercer International had a negative net margin of 4.34% and a negative return on equity of 10.64%. The firm had revenue of $350.60 million for the quarter, compared to analyst estimates of $383.99 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The business’s revenue was down 27.6% on a year-over-year basis.

A number of research analysts have weighed in on the stock. Raymond James set a $11.00 price target on shares of Mercer International and gave the company an “outperform” rating in a research note on Friday, May 1st. BidaskClub lowered shares of Mercer International from a “sell” rating to a “strong sell” rating in a research note on Thursday. TD Securities lifted their price target on shares of Mercer International from $8.50 to $10.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Credit Suisse Group raised shares of Mercer International from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $10.00 to $12.00 in a research note on Thursday, April 30th. Finally, TheStreet lowered shares of Mercer International from a “c” rating to a “d+” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.80.

Hedge funds have recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new stake in shares of Mercer International in the fourth quarter worth $243,000. Rhumbline Advisers raised its position in Mercer International by 3.3% during the first quarter. Rhumbline Advisers now owns 73,542 shares of the basic materials company’s stock worth $532,000 after acquiring an additional 2,378 shares in the last quarter. Bank of New York Mellon Corp raised its position in Mercer International by 10.6% during the first quarter. Bank of New York Mellon Corp now owns 432,206 shares of the basic materials company’s stock worth $3,129,000 after acquiring an additional 41,448 shares in the last quarter. Comerica Bank raised its position in Mercer International by 3.2% during the first quarter. Comerica Bank now owns 40,722 shares of the basic materials company’s stock worth $342,000 after acquiring an additional 1,273 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Mercer International by 1.3% during the fourth quarter. California Public Employees Retirement System now owns 119,563 shares of the basic materials company’s stock worth $1,471,000 after acquiring an additional 1,500 shares in the last quarter. 77.11% of the stock is currently owned by institutional investors and hedge funds.

MERC traded down $0.35 during trading on Friday, reaching $7.54. The company had a trading volume of 184,259 shares, compared to its average volume of 300,577. The company has a debt-to-equity ratio of 2.54, a current ratio of 4.26 and a quick ratio of 2.80. Mercer International has a 12 month low of $6.42 and a 12 month high of $15.84. The business’s fifty day moving average price is $8.41 and its 200 day moving average price is $9.67. The company has a market cap of $519.16 million, a P/E ratio of -7.69 and a beta of 1.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Thursday, June 25th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, June 24th. Mercer International’s dividend payout ratio is presently -325.00%.

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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