Mercer International (MERC) Posts Quarterly Earnings, Beats Estimates By $0.04 EPS
Mercer International (NASDAQ:MERC) issued its quarterly earnings data on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04, ARN reports. The company had revenue of $32.90 million for the quarter, compared to the consensus estimate of $27.90 million.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Mercer International from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $7.60 price target on the stock. On the ratings front, analysts at CIBC reiterated a “sector underperform” rating on shares of Mercer International in a research note to investors on Thursday, September 26th. They now have a $7.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Mercer International from C$8.00 to C$7.00 in a research note to investors on Tuesday, August 6th. They now have a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.10.
Mercer International (NASDAQ:MERC) traded up 2.30% during mid-day trading on Thursday, hitting $8.00. 105,407 shares of the company’s stock traded hands. Mercer International has a 1-year low of $5.87 and a 1-year high of $7.84. The stock’s 50-day moving average is $7.42 and its 200-day moving average is $6.88. The company’s market cap is $445.6 million.
Mercer International Inc (NASDAQ:MERC) is a producer of market northern bleached softwood kraft (NBSK), pulp in the world.
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