Mercer International (NASDAQ:MERC) Posts Earnings Results, Beats Estimates By $0.23 EPS

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

Mercer International Stock Up 4.3%

NASDAQ:MERC opened at $0.26 on Friday. The company has a fifty day simple moving average of $0.27 and a two-hundred day simple moving average of $0.92. Mercer International has a 52 week low of $0.12 and a 52 week high of $2.85. The company has a market cap of $17.43 million, a price-to-earnings ratio of -0.04 and a beta of 0.67.

Analysts Set New Price Targets

Several research analysts have recently commented on MERC shares. Weiss Ratings lowered Mercer International from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday. Wall Street Zen raised shares of Mercer International from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. TD cut their price objective on shares of Mercer International from $0.40 to $0.15 and set a “sell” rating on the stock in a research report on Monday, August 10th. Royal Bank Of Canada lowered their target price 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. Finally, Canadian Imperial Bank of Commerce downgraded Mercer International from a “neutral” rating to a “sector underperform” rating and set a $0.15 price target for the company. in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and a consensus price target of $0.85.

Read Our Latest Stock Analysis on Mercer International

Mercer International Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Mercer International (NASDAQ:MERC)

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