Mercer International (NASDAQ:MERC) Issues Earnings Results

Mercer International (NASDAQ:MERC) (TSE:MRI.U) released its quarterly earnings data on Thursday. The basic materials company reported ($0.88) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.11) by $0.23, FiscalAI reports. The business had revenue of $440.67 million for the quarter, compared to the consensus estimate of $452.00 million. Mercer International had a negative return on equity of 352.57% and a negative net margin of 27.86%.

Mercer International Trading Down 0.3%

Shares of NASDAQ MERC traded down $0.00 during trading hours on Thursday, hitting $0.25. 6,115,593 shares of the company traded hands, compared to its average volume of 35,580,728. The stock has a market capitalization of $16.71 million, a price-to-earnings ratio of -0.03 and a beta of 0.67. The company’s 50 day moving average price is $0.27 and its 200 day moving average price is $0.93. Mercer International has a 12 month low of $0.12 and a 12 month high of $2.85.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MERC shares. Canadian Imperial Bank of Commerce lowered shares of Mercer International from a “neutral” rating to a “sector underperform” rating and set a $0.15 target price for the company. in a report on Tuesday, October 27th. Wall Street Zen upgraded shares of Mercer International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. TD decreased their price target on shares of Mercer International from $0.40 to $0.15 and set a “sell” rating on the stock in a research note on Monday, August 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mercer International in a research report on Monday, September 21st. Finally, Royal Bank Of Canada dropped their price objective on shares of Mercer International from $0.75 to $0.20 and set a “sector perform” rating for the company in a research note on Friday, October 16th. One research analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Strong Sell” and an average target price of $0.85.

About Mercer International

Mercer International Inc is a global producer of market northern bleached softwood kraft (NBSK) pulp, a wood-fiber material used to manufacture tissue, printing and writing papers, specialty papers, and other fiber-based products. The company sells its pulp to customers in a range of international markets, primarily through direct sales and established distribution channels.

Mercer operates pulp mills in Germany and Canada. Its German operations include the Rosenthal mill in Blankenstein and the Stendal mill in Arneburg, while its Canadian operations include the Celgar mill in Castlegar, British Columbia.