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

Mercer International (NASDAQ:MERC) (TSE:MRI.U) will likely be posting its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Mercer International to post earnings of $0.02 per share and revenue of $497.00 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Mercer International Stock Up 2.8 %

Mercer International 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 current ratio of 3.79, a quick ratio of 2.39 and a debt-to-equity ratio of 3.09. The company’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $6.46. Mercer International has a 52 week low of $5.33 and a 52 week high of $11.20.

Analyst Ratings Changes

MERC has been the subject of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $7.00 price objective on shares of Mercer International in a research report on Monday, November 4th. Raymond James reduced their price objective on shares of Mercer International from $7.50 to $7.00 in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.25.

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.