Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) announced a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.1375 per share by the basic materials company on Thursday, December 19th. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from Mercer International’s previous dividend of $0.12.

Shares of Mercer International stock opened at $12.10 on Monday. The firm has a market cap of $794.11 million, a PE ratio of 6.17 and a beta of 1.59. The firm’s 50-day simple moving average is $12.35 and its 200-day simple moving average is $12.99. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.52 and a current ratio of 3.84. Mercer International has a 1 year low of $9.36 and a 1 year high of $17.74.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $383.54 million for the quarter, compared to the consensus estimate of $398.57 million. Mercer International had a return on equity of 17.72% and a net margin of 6.34%. Mercer International’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. On average, equities analysts predict that Mercer International will post 0.55 earnings per share for the current year.

Several brokerages recently issued reports on MERC. BidaskClub cut Mercer International from a “hold” rating to a “sell” rating in a research note on Saturday, November 23rd. Zacks Investment Research cut shares of Mercer International from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. TD Securities lowered shares of Mercer International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $16.50 to $12.50 in a research note on Friday, October 18th. Raymond James reaffirmed an “outperform” rating and set a $20.00 target price on shares of Mercer International in a report on Friday, November 1st. Finally, ValuEngine cut shares of Mercer International from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.50.

Mercer International Company Profile

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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Dividend History for Mercer International (NASDAQ:MERC)

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