Brokerages expect Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) to post $0.34 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Mercer International’s earnings. Mercer International reported earnings per share of $0.26 in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.8%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, August 1st.

According to Zacks, analysts expect that Mercer International will report full year earnings of $1.74 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $2.81 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mercer International.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. Mercer International had a return on equity of 26.76% and a net margin of 9.82%. The firm had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $476.87 million. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue was up 31.6% compared to the same quarter last year.

Several research firms recently commented on MERC. Raymond James restated a “buy” rating and issued a $41.00 target price on shares of Norbord in a research report on Tuesday, July 16th. CIBC raised their target price on Norbord from C$31.00 to C$35.00 in a research report on Friday, July 5th. Zacks Investment Research cut Zafgen from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub cut Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 13th. Finally, TD Securities raised their target price on Westshore Terminals Investment from C$20.00 to C$21.00 and gave the company a “hold” rating in a research report on Monday, May 6th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.00.

MERC traded up $0.32 during trading hours on Friday, hitting $13.15. The company’s stock had a trading volume of 401,769 shares, compared to its average volume of 308,330. Mercer International has a fifty-two week low of $9.36 and a fifty-two week high of $19.14. The company has a quick ratio of 2.65, a current ratio of 3.98 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $863.31 million, a price-to-earnings ratio of 6.71 and a beta of 1.65. The business’s 50-day moving average is $14.73.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 24th were given a dividend of $0.1375 per share. The ex-dividend date of this dividend was Friday, June 21st. This is a boost from Mercer International’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a dividend yield of 4.18%. Mercer International’s dividend payout ratio (DPR) is 28.06%.

Several hedge funds have recently modified their holdings of the company. Walthausen & Co. LLC increased its position in shares of Mercer International by 9.5% during the 4th quarter. Walthausen & Co. LLC now owns 895,199 shares of the basic materials company’s stock valued at $9,346,000 after purchasing an additional 77,950 shares during the period. Systematic Financial Management LP boosted its stake in shares of Mercer International by 9.5% during the 1st quarter. Systematic Financial Management LP now owns 313,700 shares of the basic materials company’s stock worth $4,238,000 after acquiring an additional 27,288 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in shares of Mercer International during the 1st quarter worth $1,891,000. Arizona State Retirement System bought a new stake in shares of Mercer International during the 1st quarter worth $897,000. Finally, Rhumbline Advisers bought a new stake in shares of Mercer International during the 1st quarter worth $881,000. Institutional investors own 78.32% of the company’s stock.

About Mercer International

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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