may delivered a positive earnings surprise Mercer International (NASDAQ:MERC)

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Earnings results for Mercer International (NASDAQ:MERC)

Mercer International last released its quarterly earnings results on July 29th, 2021. The basic materials company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.10. The company earned $401.83 million during the quarter. Mercer International has generated ($0.26) earnings per share over the last year ($0.32 diluted earnings per share) and currently has a price-to-earnings ratio of 32.0. Earnings for Mercer International are expected to decrease by -15.41% in the coming year, from $2.66 to $2.25 per share. Mercer International has confirmed that its next quarterly earnings report will be published on Thursday, October 28th, 2021.

Analyst Opinion on Mercer International (NASDAQ:MERC)

According to the issued ratings of 4 analysts in the last year, the consensus rating for Mercer International stock is Hold based on the current 3 hold ratings and 1 buy rating for MERC. The average twelve-month price target for Mercer International is $13.27 with a high price target of $15.00 and a low price target of $11.59.

on MERC

Mercer International has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $13.27, Mercer International has a forecasted upside of 29.5% from its current price of $10.25. Mercer International has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Mercer International (NASDAQ:MERC)

Mercer International pays a meaningful dividend of 2.53%, higher than the bottom 25% of all stocks that pay dividends. Mercer International has only been increasing its dividend for 2 years. Based on earnings estimates, Mercer International will have a dividend payout ratio of 11.56% next year. This indicates that Mercer International will be able to sustain or increase its dividend.

Insiders buying/selling: Mercer International (NASDAQ:MERC)

In the past three months, Mercer International insiders have not sold or bought any company stock. Only 4.20% of the stock of Mercer International is held by insiders. 73.37% of the stock of Mercer International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Mercer International (NASDAQ:MERC

Earnings for Mercer International are expected to decrease by -15.41% in the coming year, from $2.66 to $2.25 per share. The P/E ratio of Mercer International is 32.03, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.23. The P/E ratio of Mercer International is 32.03, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 16.08. Mercer International has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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