What is Raymond James’ Forecast for MERC FY2024 Earnings?

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) – Equities research analysts at Raymond James raised their FY2024 earnings estimates for Mercer International in a research 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 prior estimate of ($1.62). The consensus estimate for Mercer International’s current full-year earnings is ($1.44) per share. Raymond James also issued estimates for Mercer International’s FY2025 earnings at ($0.29) EPS and FY2026 earnings at ($0.04) EPS.

A number of other equities research analysts also recently weighed in on MERC. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $7.00 price objective on shares of Mercer International in a research report on Monday, November 4th. StockNews.com raised Mercer International from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.25.

Mercer International Stock Down 0.2 %

Shares of NASDAQ:MERC opened at $6.50 on Wednesday. The company’s fifty day moving average is $6.41 and its two-hundred day moving average is $6.65. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.39 and a current ratio of 3.79. Mercer International has a 1-year low of $5.33 and a 1-year high of $11.20. The stock has a market capitalization of $434.66 million, a price-to-earnings ratio of -2.30 and a beta of 1.29.

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

Mercer International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 18th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.30 annualized dividend and a yield of 4.62%. Mercer International’s dividend payout ratio is presently -10.60%.

Hedge Funds Weigh In On Mercer International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in Mercer International by 22.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,661 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 6,786 shares during the period. Geode Capital Management LLC grew its stake in shares of Mercer International by 1.7% in the third 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 in the last quarter. Entropy Technologies LP acquired a new position in shares of Mercer International during the third quarter valued at $75,000. Finally, Quantbot Technologies LP raised its stake in shares of Mercer International by 505.8% during 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 in the last quarter. 85.79% of the stock is currently owned by institutional investors and hedge funds.

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.