Mercer International Inc. (NASDAQ:MERC) announced a quarterly dividend on Friday, July 29th. Shareholders of record on Monday, September 26th will be paid a dividend of 0.115 per share on Tuesday, October 4th. This represents a $0.46 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend is Thursday, September 22nd.
Mercer International (NASDAQ:MERC) opened at 8.63 on Wednesday. The stock has a market capitalization of $557.97 million, a price-to-earnings ratio of 11.14 and a beta of 1.53. Mercer International has a 12-month low of $5.95 and a 12-month high of $11.68. The company has a 50 day moving average of $8.33 and a 200-day moving average of $8.61.
Mercer International (NASDAQ:MERC) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.12. Mercer International had a net margin of 5.10% and a return on equity of 12.44%. On average, equities research analysts forecast that Mercer International will post $0.54 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Mercer International from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 28th. TheStreet lowered shares of Mercer International from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $15.00 target price on shares of Mercer International in a report on Sunday, June 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $12.13.
A number of hedge funds and other institutional investors have recently made changes to their positions in MERC. Keeley Asset Management Corp increased its position in shares of Mercer International by 53.7% in the second quarter. Keeley Asset Management Corp now owns 203,170 shares of the company’s stock worth $1,621,000 after buying an additional 70,970 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Mercer International by 6.1% in the second quarter. Toronto Dominion Bank now owns 139,503 shares of the company’s stock worth $1,113,000 after buying an additional 7,959 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Mercer International by 3.9% in the second quarter. Parametric Portfolio Associates LLC now owns 20,971 shares of the company’s stock worth $167,000 after buying an additional 789 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Mercer International by 546.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 15,643 shares of the company’s stock worth $125,000 after buying an additional 13,225 shares during the last quarter. 57.79% of the stock is owned by institutional investors.
About Mercer International
Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.
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