Mercer International (MERC) to Release Quarterly Earnings on Thursday

Mercer International (NASDAQ:MERC) (TSE:MRI.U) is expected to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $497.00 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Mercer International Trading Up 2.8 %

Shares of MERC stock opened at $6.72 on Wednesday. The stock has a market cap of $449.37 million, a price-to-earnings ratio of -2.37 and a beta of 1.29. The company has a quick ratio of 2.39, a current ratio of 3.79 and a debt-to-equity ratio of 3.09. Mercer International has a fifty-two week low of $5.33 and a fifty-two week high of $11.20. The firm’s 50 day moving average price is $6.52 and its two-hundred day moving average price is $6.46.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MERC shares. Raymond James decreased their target price on shares of Mercer International from $7.50 to $7.00 in a research note on Thursday, January 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $7.00 price objective on shares of Mercer International in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.25.

Mercer International Company Profile

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.