Mercer International (NASDAQ:MERC) Releases Quarterly Earnings Results

Mercer International (NASDAQ:MERC) (TSE:MRI.U) issued its quarterly earnings results on Thursday. The basic materials company reported ($4.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.88) by ($3.73), FiscalAI reports. The firm had revenue of $449.50 million for the quarter, compared to analysts’ expectations of $459.84 million. Mercer International had a negative return on equity of 37.38% and a negative net margin of 9.04%.

Mercer International Trading Down 1.7%

NASDAQ:MERC traded down $0.03 on Thursday, hitting $1.70. 860,265 shares of the stock were exchanged, compared to its average volume of 679,600. The stock has a fifty day moving average of $2.13 and a 200-day moving average of $2.48. The stock has a market cap of $113.87 million, a PE ratio of -0.66 and a beta of 0.72. The company has a current ratio of 3.01, a quick ratio of 1.68 and a debt-to-equity ratio of 4.30. Mercer International has a fifty-two week low of $1.48 and a fifty-two week high of $8.28.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Cowen lowered shares of Mercer International from a “hold” rating to a “sell” rating and raised their target price for the stock from $2.00 to $2.25 in a research report on Wednesday, January 21st. Royal Bank Of Canada decreased their price objective on Mercer International from $3.00 to $2.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mercer International in a research report on Monday, December 29th. Finally, TD Securities downgraded Mercer International from a “hold” rating to a “sell” rating and increased their target price for the stock from $2.00 to $2.25 in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Mercer International presently has a consensus rating of “Reduce” and a consensus price target of $3.10.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL acquired a new position in Mercer International during the second quarter valued at approximately $244,000. Jump Financial LLC raised its stake in shares of Mercer International by 340.6% in the 2nd quarter. Jump Financial LLC now owns 276,837 shares of the basic materials company’s stock valued at $969,000 after acquiring an additional 214,008 shares during the period. Gabelli Funds LLC acquired a new position in shares of Mercer International during the 2nd quarter valued at $1,804,000. Geode Capital Management LLC boosted its position in Mercer International by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 561,001 shares of the basic materials company’s stock worth $1,111,000 after purchasing an additional 14,603 shares during the period. Finally, Millennium Management LLC increased its holdings in Mercer International by 16.1% in the 3rd quarter. Millennium Management LLC now owns 994,974 shares of the basic materials company’s stock valued at $2,866,000 after purchasing an additional 137,906 shares in the last quarter. Hedge funds and other institutional investors own 85.79% of the company’s stock.

About Mercer International

Mercer International Inc is a publicly traded pulp producer headquartered in Vancouver, British Columbia. Listed on the NASDAQ under the symbol MERC, the company specializes in the manufacture of Northern Bleached Softwood Kraft (NBSK) pulp and dissolving pulp for use in tissue, specialty paper and textile applications.

Mercer’s core business activities include the operation of integrated pulp mills in North America and Europe. Its production portfolio encompasses NBSK pulp, renowned for its strength and versatility, and dissolving pulp, which serves as a key raw material in the manufacture of viscose, cellulose acetate and other specialty products.

The company’s facilities are located in British Columbia and the U.S.