Mercer International (MERC) Set to Announce Quarterly Earnings on Thursday

Mercer International (NASDAQ:MERC) (TSE:MRI.U) is scheduled to be announcing its earnings results after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Shares of Mercer International (NASDAQ:MERC) opened at $13.00 on Thursday. The company has a market capitalization of $845.22, a price-to-earnings ratio of 18.06 and a beta of 1.52. Mercer International has a 52 week low of $10.45 and a 52 week high of $15.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 3.58.

In related news, Director Eric Lauritzen sold 2,100 shares of Mercer International stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $14.68, for a total value of $30,828.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Gandossi sold 12,000 shares of Mercer International stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $12.84, for a total value of $154,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 141,257 shares of company stock worth $1,981,364 and have sold 385,100 shares worth $5,406,848. Insiders own 4.90% of the company’s stock.

A number of equities research analysts have recently commented on MERC shares. BidaskClub cut Mercer International from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Royal Bank of Canada lifted their target price on Mercer International from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Credit Suisse Group cut Mercer International from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 26th. ValuEngine upgraded Mercer International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, CSFB cut Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Mercer International presently has an average rating of “Hold” and a consensus price target of $16.19.

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Mercer International Company Profile

Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.

Earnings History for Mercer International (NASDAQ:MERC)

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