Equities research analysts forecast that Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) will post ($0.42) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Mercer International’s earnings. Mercer International posted earnings of $0.68 per share in the same quarter last year, which indicates a negative year over year growth rate of 161.8%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 13th.

On average, analysts expect that Mercer International will report full-year earnings of $0.55 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $2.32 per share. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Mercer International.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $383.54 million for the quarter, compared to analysts’ expectations of $398.57 million. Mercer International had a net margin of 6.34% and a return on equity of 17.72%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS.

A number of brokerages have issued reports on MERC. Zacks Investment Research upgraded shares of Mercer International from a “sell” rating to a “hold” rating in a research note on Thursday, December 26th. BidaskClub downgraded Mercer International from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 8th. TD Securities downgraded Mercer International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $16.50 to $12.50 in a report on Friday, October 18th. ValuEngine downgraded Mercer International from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, Raymond James reissued an “outperform” rating and issued a $20.00 price objective on shares of Mercer International in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.50.

Institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its stake in shares of Mercer International by 9.2% during the third quarter. California Public Employees Retirement System now owns 118,063 shares of the basic materials company’s stock worth $1,481,000 after purchasing an additional 9,990 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Mercer International by 6.8% during the third quarter. Public Employees Retirement System of Ohio now owns 12,877 shares of the basic materials company’s stock worth $161,000 after purchasing an additional 819 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Mercer International during the third quarter worth approximately $46,000. Parametric Portfolio Associates LLC raised its stake in shares of Mercer International by 98.5% during the second quarter. Parametric Portfolio Associates LLC now owns 119,607 shares of the basic materials company’s stock worth $1,850,000 after purchasing an additional 59,343 shares during the last quarter. Finally, Iat Reinsurance Co. LTD. raised its stake in shares of Mercer International by 0.9% during the third quarter. Iat Reinsurance Co. LTD. now owns 16,480,000 shares of the basic materials company’s stock worth $206,659,000 after purchasing an additional 140,000 shares during the last quarter. Institutional investors and hedge funds own 79.49% of the company’s stock.

Shares of MERC stock traded up $0.37 on Friday, hitting $12.56. 1,103 shares of the stock traded hands, compared to its average volume of 258,981. The firm’s 50-day moving average price is $12.24 and its two-hundred day moving average price is $12.43. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.52 and a current ratio of 3.84. The stock has a market capitalization of $804.61 million, a PE ratio of 6.41 and a beta of 1.56. Mercer International has a twelve month low of $10.57 and a twelve month high of $17.74.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Wednesday, December 11th. This is a boost from Mercer International’s previous quarterly dividend of $0.12. Mercer International’s dividend payout ratio is 28.06%.

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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