Mercer International (NASDAQ:MERC) Announces Quarterly Earnings Results

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

Mercer International Price Performance

Shares of Mercer International stock traded down $0.00 on Thursday, hitting $0.25. The company had a trading volume of 6,115,593 shares, compared to its average volume of 35,580,728. The firm has a market capitalization of $16.71 million, a P/E ratio of -0.03 and a beta of 0.67. Mercer International has a twelve month low of $0.12 and a twelve month high of $2.85. The stock has a 50-day moving average of $0.27 and a 200-day moving average of $0.93.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD lowered their price objective on shares of Mercer International from $0.40 to $0.15 and set a “sell” rating for the company in a research report on Monday, August 10th. Wall Street Zen upgraded Mercer International from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Royal Bank Of Canada decreased their target price on 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. Weiss Ratings restated a “sell (e+)” rating on shares of Mercer International in a report on Monday, September 21st. 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 report on Tuesday, October 27th. One research analyst has rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Mercer International currently has an average rating of “Strong Sell” and a consensus price target of $0.85.

Mercer International Company Profile

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.