News headlines about Mercer International (NASDAQ:MERC) (TSE:MRI.U) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mercer International earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.089793019965 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- America’s Downturn Explored In MCCC Art Gallery Exhibit (patch.com)
- Mercer International (MERC) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- Honolulu more sanitary than you think, #1 in world (kitv.com)
- Honolulu ranks No. 1 in global survey of clean cities (staradvertiser.com)
- Flying has long been a man’s profession. Amid a pilot shortage, will that change? (philly.com)
NASDAQ MERC opened at $13.30 on Monday. Mercer International has a fifty-two week low of $10.45 and a fifty-two week high of $15.00. The company has a quick ratio of 1.57, a current ratio of 1.98 and a debt-to-equity ratio of 1.25. The stock has a market cap of $871.23, a price-to-earnings ratio of 10.81 and a beta of 1.63.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its earnings results on Thursday, February 15th. The basic materials company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.24. Mercer International had a return on equity of 17.19% and a net margin of 6.03%. The firm had revenue of $337.70 million for the quarter, compared to analysts’ expectations of $318.15 million. The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Investors of record on Wednesday, March 28th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.76%. The ex-dividend date was Tuesday, March 27th.
Several brokerages have recently commented on MERC. BidaskClub lowered Mercer International from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine upgraded Mercer International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.19.
In other Mercer International news, insider Jimmy S. H. Lee sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $14.46, for a total value of $361,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David M. Gandossi sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $14.36, for a total transaction of $172,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,300 shares of company stock worth $1,277,016. 4.90% of the stock is currently owned by insiders.
About Mercer International
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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