Mercer International (NASDAQ:MERC) Issues Earnings Results

Mercer International (NASDAQ:MERC - Get Free Report) TSE: MRI.U announced its quarterly earnings results on Thursday. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, Zacks reports. Mercer International had a negative net margin of 4.17% and a negative return on equity of 5.18%. The business had revenue of $506.97 million for the quarter, compared to analyst estimates of $508.42 million.

Mercer International Price Performance

NASDAQ MERC traded down $0.30 during midday trading on Friday, hitting $3.91. The company had a trading volume of 749,274 shares, compared to its average volume of 397,742. The firm has a 50-day moving average price of $5.84 and a 200-day moving average price of $6.29. The company has a market capitalization of $261.47 million, a PE ratio of -3.08 and a beta of 1.26. The company has a current ratio of 3.79, a quick ratio of 2.39 and a debt-to-equity ratio of 3.09. Mercer International has a twelve month low of $3.78 and a twelve month high of $11.20.

Mercer International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 26th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date is Thursday, June 26th. Mercer International's dividend payout ratio is currently -23.62%.

Wall Street Analyst Weigh In

MERC has been the topic of a number of research reports. CIBC decreased their price target on shares of Mercer International from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada dropped their price target on Mercer International from $7.00 to $5.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd. Finally, Raymond James decreased their price objective on Mercer International from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Wednesday.

Mercer International Company Profile

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.

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