Mercer International (MERC) Scheduled to Post Quarterly Earnings on Thursday

Posted by Defense World Staff on Apr 27th, 2023

Mercer International (NASDAQ:MERC – Get Rating) (TSE:MRI.U) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 4th. Analysts expect Mercer International to post earnings of $0.36 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Mercer International (NASDAQ:MERC – Get Rating) (TSE:MRI.U) last issued its quarterly earnings results on Thursday, February 16th. The basic materials company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.19). The business had revenue of $583.06 million for the quarter, compared to analyst estimates of $495.94 million. Mercer International had a return on equity of 32.09% and a net margin of 10.83%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. On average, analysts expect Mercer International to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Mercer International Stock Down 0.1 %

Shares of NASDAQ:MERC opened at $9.30 on Thursday. The stock has a market cap of $617.71 million, a P/E ratio of 2.51 and a beta of 1.49. The firm has a fifty day moving average price of $10.00 and a 200 day moving average price of $11.89. The company has a debt-to-equity ratio of 1.61, a current ratio of 3.12 and a quick ratio of 1.92. Mercer International has a 1-year low of $8.93 and a 1-year high of $17.50.

Mercer International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 5th. Investors of record on Wednesday, March 29th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, March 28th. Mercer International’s dividend payout ratio is currently 8.09%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Mercer International from $13.00 to $12.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 21st. CIBC downgraded shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Monday, January 9th. Credit Suisse Group cut their price objective on shares of Mercer International from $15.50 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 19th. Finally, StockNews.com assumed coverage on shares of Mercer International in a research report on Thursday, March 16th. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.

Hedge Funds Weigh In On Mercer International

A number of large investors have recently made changes to their positions in MERC. Quantbot Technologies LP purchased a new position in shares of Mercer International in the 1st quarter valued at about $155,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Mercer International in the 3rd quarter valued at about $173,000. Credit Suisse AG increased its holdings in shares of Mercer International by 9.1% in the 2nd quarter. Credit Suisse AG now owns 33,034 shares of the basic materials company’s stock valued at $434,000 after purchasing an additional 2,747 shares in the last quarter. State of Tennessee Treasury Department increased its holdings in shares of Mercer International by 83.8% in the 4th quarter. State of Tennessee Treasury Department now owns 51,160 shares of the basic materials company’s stock valued at $595,000 after purchasing an additional 23,320 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Mercer International by 21.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 50,254 shares of the basic materials company’s stock valued at $618,000 after purchasing an additional 8,906 shares in the last quarter. Hedge funds and other institutional investors own 78.22% of the company’s stock.

About Mercer International

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Mercer International, Inc engages in the manufacture and sale of pulp. It operates through Pulp and Wood Products segments. The Pulp segment consists of the manufacture, sales, and distribution of NBSK pulp, electricity, and other by-products at three pulp mills. The Wood Products segment is involved in the manufacture, sale, and distribution of lumber, electricity and other wood residuals at the Friesau Facility.