Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) announced a quarterly dividend on Friday, February 16th, Wall Street Journal reports. Investors of record on Wednesday, March 28th will be given a dividend of 0.125 per share by the basic materials company on Wednesday, April 4th. This represents a $0.50 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Tuesday, March 27th.
Shares of Mercer International (MERC) opened at $13.50 on Friday. The company has a current ratio of 3.58, a quick ratio of 2.44 and a debt-to-equity ratio of 1.40. Mercer International has a twelve month low of $10.45 and a twelve month high of $15.00. The firm has a market capitalization of $901.10, a price-to-earnings ratio of 18.75 and a beta of 1.52.
Mercer International (NASDAQ:MERC) (TSE:MRI.U) last released its quarterly earnings data on Thursday, February 15th. The basic materials company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.24. Mercer International had a return on equity of 18.20% and a net margin of 6.03%. The company had revenue of $337.70 million for the quarter, compared to the consensus estimate of $318.15 million. The business’s revenue for the quarter was up 52.3% on a year-over-year basis.
Several research analysts recently issued reports on the company. BidaskClub lowered Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. CSFB lowered Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Friday, October 27th. ValuEngine raised Mercer International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group lowered Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, Royal Bank of Canada raised their target price on Mercer International from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Mercer International has an average rating of “Hold” and a consensus price target of $16.19.
In other news, insider Jimmy S. H. Lee sold 25,000 shares of Mercer International stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $14.25, for a total value of $356,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Gandossi sold 12,000 shares of Mercer International stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $12.79, for a total value of $153,480.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 141,257 shares of company stock valued at $1,981,364 and have sold 347,100 shares valued at $4,852,578. 4.90% of the stock is owned by company insiders.
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.
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