Mercer International (NASDAQ:MERC) (TSE:MRI.U) announced its earnings results on Thursday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.18), Briefing.com reports. Mercer International had a net margin of 9.82% and a return on equity of 26.76%. The business had revenue of $425.80 million for the quarter, compared to analyst estimates of $484.77 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 22.9% on a year-over-year basis.
Shares of MERC stock traded up $0.05 during mid-day trading on Friday, reaching $12.33. The stock had a trading volume of 691,621 shares, compared to its average volume of 390,892. The business has a fifty day moving average of $14.17. The company has a current ratio of 3.98, a quick ratio of 2.65 and a debt-to-equity ratio of 1.68. The company has a market cap of $806.20 million, a price-to-earnings ratio of 6.29 and a beta of 1.63. Mercer International has a 1-year low of $9.36 and a 1-year high of $19.14.
MERC has been the topic of several recent analyst reports. ValuEngine lowered Mercer International from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Royal Bank of Canada upped their target price on Mercer International from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Zacks Investment Research lowered Mercer International from a “hold” rating to a “sell” rating in a research report on Thursday. TD Securities upped their target price on Mercer International from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Raymond James reaffirmed an “outperform” rating and set a $22.00 target price on shares of Mercer International in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.67.
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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