Mercer International (NASDAQ:MERC) Issues Earnings Results

Mercer International (NASDAQ:MERC - Get Free Report) TSE: MRI.U announced its quarterly earnings results on Thursday. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, Zacks reports. Mercer International had a negative net margin of 4.17% and a negative return on equity of 5.18%. The business had revenue of $506.97 million for the quarter, compared to analyst estimates of $508.42 million.Get Mercer International alerts:Mercer International Price PerformanceMercer Near Rock Bottom: Is This High-Yield Play Set to Soar?NASDAQ MERC traded down $0.30 during midday trading on Friday, hitting $3.91. The company had a trading volume of 749,274 shares, compared to its average volume of 397,742. The firm has a 50-day moving average price of $5.84 and a 200-day moving average price of $6.29. The company has a market capitalization of $261.47 million, a PE ratio of -3.08 and a beta of 1.26. The company has a current ratio of 3.79, a quick ratio of 2.39 and a debt-to-equity ratio of 3.09. Mercer International has a twelve month low of $3.78 and a twelve month high of $11.20. Mercer International Announces DividendThe business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, June 26th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date is Thursday, June 26th. Mercer International's dividend payout ratio is currently -23.62%. Wall Street Analyst Weigh InMERC has been the topic of a number of research reports. CIBC decreased their price target on shares of Mercer International from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada dropped their price target on Mercer International from $7.00 to $5.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd. Finally, Raymond James decreased their price objective on Mercer International from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Wednesday.View Our Latest Research Report on MERCMercer International Company Profile (Get Free Report)Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.See AlsoFive stocks we like better than Mercer InternationalWhat is a SEC Filing?Magnificent 7 Stocks Send a Dire Warning to MarketsWhat Investors Need to Know About Upcoming IPOsWhy Spotify Stock Still Has Room to Run in 2025Top Stocks Investing in 5G TechnologyBuy the Dip: Top Tech Stocks Analysts Say Are UndervaluedThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Mercer International Right Now?Before you consider Mercer International, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mercer International wasn't on the list.While Mercer International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here