Mercer International (MERC) to Release Earnings on Thursday

Mercer International (NASDAQ:MERC - Get Free Report) TSE: MRI.U will be issuing its quarterly earnings data after the market closes on Thursday, October 31st. Investors that are interested in registering for the company's conference call can do so using this link.

Mercer International (NASDAQ:MERC - Get Free Report) TSE: MRI.U last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.08). Mercer International had a negative return on equity of 17.93% and a negative net margin of 9.90%. The business had revenue of $499.40 million during the quarter, compared to analysts' expectations of $482.35 million. During the same period in the prior year, the company posted ($1.48) earnings per share. The firm's revenue was down 5.8% on a year-over-year basis. On average, analysts expect Mercer International to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mercer International Stock Up 4.5 %

NASDAQ:MERC traded up $0.27 on Thursday, hitting $6.39. 345,728 shares of the company's stock traded hands, compared to its average volume of 357,482. The firm has a 50-day moving average price of $6.44 and a 200-day moving average price of $8.03. The company has a current ratio of 3.46, a quick ratio of 2.17 and a debt-to-equity ratio of 3.22. The company has a market cap of $426.84 million, a PE ratio of -1.86 and a beta of 1.34. Mercer International has a 1 year low of $5.33 and a 1 year high of $11.20.

Mercer International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Wednesday, September 25th. Mercer International's payout ratio is presently -8.75%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MERC shares. CIBC decreased their target price on shares of Mercer International from $10.00 to $8.50 and set a "neutral" rating for the company in a research note on Tuesday, August 13th. StockNews.com raised Mercer International from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada dropped their target price on Mercer International from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Mercer International has a consensus rating of "Hold" and an average price target of $9.38.

Insider Activity

In other Mercer International news, CEO Estrada Juan Carlos Bueno bought 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $6.60 per share, with a total value of $51,480.00. Following the completion of the transaction, the chief executive officer now directly owns 67,615 shares of the company's stock, valued at $446,259. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Wolfgang Beck purchased 18,500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $6.02 per share, for a total transaction of $111,370.00. Following the completion of the acquisition, the vice president now directly owns 26,263 shares in the company, valued at approximately $158,103.26. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Estrada Juan Carlos Bueno acquired 7,800 shares of Mercer International stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of $6.60 per share, with a total value of $51,480.00. Following the completion of the purchase, the chief executive officer now directly owns 67,615 shares of the company's stock, valued at $446,259. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 41,300 shares of company stock worth $252,650. 4.20% of the stock is owned by corporate insiders.

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.