$0.99 Earnings Per Share Expected for Mercer International Inc. (NASDAQ:MERC) This Quarter

Wall Street brokerages expect Mercer International Inc. (NASDAQ:MERCGet Rating) (TSE:MRI.U) to post earnings per share of $0.99 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Mercer International’s earnings. Mercer International reported earnings of $0.32 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 209.4%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Mercer International will report full-year earnings of $3.33 per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $1.88 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Mercer International.

Mercer International (NASDAQ:MERCGet Rating) (TSE:MRI.U) last posted its quarterly earnings results on Thursday, April 28th. The basic materials company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. Mercer International had a net margin of 12.81% and a return on equity of 37.70%. The business had revenue of $592.74 million for the quarter, compared to analysts’ expectations of $532.10 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 43.6% on a year-over-year basis.

A number of equities research analysts recently commented on the stock. TD Securities increased their price objective on shares of Mercer International from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Monday, May 2nd. StockNews.com assumed coverage on shares of Mercer International in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Raymond James set a $19.00 price objective on shares of Mercer International and gave the company an “outperform” rating in a research note on Monday, May 2nd. Credit Suisse Group increased their price objective on shares of Mercer International from $16.00 to $18.50 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Finally, Zacks Investment Research raised shares of Mercer International from a “strong sell” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Friday, February 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $16.90.

In other news, major shareholder Peter R. Kellogg bought 7,700 shares of Mercer International stock in a transaction on Monday, March 7th. The shares were bought at an average cost of $12.76 per share, for a total transaction of $98,252.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Merrion Investment Management Co LLC lifted its holdings in shares of Mercer International by 1.4% during the 4th quarter. Merrion Investment Management Co LLC now owns 429,109 shares of the basic materials company’s stock worth $5,145,000 after acquiring an additional 5,800 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mercer International by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 409,548 shares of the basic materials company’s stock worth $4,910,000 after acquiring an additional 10,931 shares during the period. Marshall Wace LLP purchased a new position in shares of Mercer International during the 4th quarter worth about $1,794,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Mercer International by 284.6% during the 4th quarter. BNP Paribas Arbitrage SA now owns 124,704 shares of the basic materials company’s stock worth $1,495,000 after acquiring an additional 92,282 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Mercer International by 87.7% during the 4th quarter. Parametric Portfolio Associates LLC now owns 112,902 shares of the basic materials company’s stock worth $1,354,000 after acquiring an additional 52,741 shares during the period. Institutional investors and hedge funds own 75.80% of the company’s stock.

NASDAQ:MERC opened at $14.85 on Friday. The company has a quick ratio of 2.90, a current ratio of 4.16 and a debt-to-equity ratio of 1.65. Mercer International has a fifty-two week low of $9.51 and a fifty-two week high of $17.17. The stock has a market cap of $982.03 million, a PE ratio of 3.89 and a beta of 1.40. The firm’s fifty day simple moving average is $14.84 and its 200-day simple moving average is $12.86.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Wednesday, June 29th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.30 dividend on an annualized basis and a yield of 2.02%. Mercer International’s dividend payout ratio (DPR) is 7.85%.

About Mercer International (Get Rating)

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. The company operates through two segments, Pulp and Wood Products. It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities.

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