FY2024 Earnings Estimate for MERC Issued By Raymond James

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) – Analysts at Raymond James increased their FY2024 earnings per share estimates for Mercer International in a report issued on Monday, January 20th. Raymond James analyst D. Swetlishoff now forecasts that the basic materials company will post earnings of ($1.44) per share for the year, up from their previous estimate of ($1.62). The consensus estimate for Mercer International’s current full-year earnings is ($1.62) per share. Raymond James also issued estimates for Mercer International’s FY2025 earnings at ($0.29) EPS and FY2026 earnings at ($0.04) EPS.

MERC has been the subject of a number of other reports. Royal Bank of Canada reissued a “sector perform” rating and set a $7.00 price objective on shares of Mercer International in a research note on Monday, November 4th. StockNews.com raised Mercer International from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.25.

Mercer International Stock Performance

Shares of MERC opened at $6.51 on Wednesday. Mercer International has a 12-month low of $5.33 and a 12-month high of $11.20. The stock has a market cap of $435.33 million, a P/E ratio of -2.30 and a beta of 1.29. The company has a current ratio of 3.79, a quick ratio of 2.39 and a debt-to-equity ratio of 3.09. The company has a 50-day moving average of $6.41 and a two-hundred day moving average of $6.65.

Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.03. The business had revenue of $502.14 million during the quarter, compared to the consensus estimate of $485.84 million. Mercer International had a negative return on equity of 17.62% and a negative net margin of 9.33%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.39) EPS.

Institutional Trading of Mercer International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Mercer International by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 525,532 shares of the basic materials company’s stock worth $3,559,000 after purchasing an additional 8,957 shares during the period. Quantbot Technologies LP increased its stake in Mercer International by 505.8% in the third quarter. Quantbot Technologies LP now owns 49,483 shares of the basic materials company’s stock valued at $335,000 after purchasing an additional 41,315 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Mercer International by 22.7% during the third quarter. BNP Paribas Financial Markets now owns 36,661 shares of the basic materials company’s stock worth $248,000 after buying an additional 6,786 shares during the period. Finally, Entropy Technologies LP purchased a new position in shares of Mercer International during the 3rd quarter worth about $75,000. 85.79% of the stock is owned by hedge funds and other institutional investors.

Mercer International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 18th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend was Wednesday, December 18th. Mercer International’s payout ratio is -10.60%.

About Mercer International

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.