Mercer International Inc. (NASDAQ:MERC) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, MERC is expected to report 3Q20 loss of $ 0.12 per share from revenue of $ 346.69 million.
For the full year, analysts anticipate top line of $ 1407.54 million, while looking forward to loss of $ 0.46 per share bottom line.
Previous Quarter Performance
Mercer International Inc. outlined loss for the second quarter of $ 0.13 per share, from the revenue of $ 341.19 million. The quarterly revenues shrunk 19.86 percent compared with the same quarter last year. Street analysts expected Mercer International Inc. to report loss of $ 0.08 per share on revenue of $ 367.58 million for the second quarter. The bottom line results missed street analysts by $ 0.05 or 62.5 percent, at the same time, top line results fell short of analysts by $ 26.39 million or 7.18 percent.
Stock Performance
Shares of Mercer International Inc. traded low $ -0.20 or -3.28 percent on Wednesday, reaching $ 5.89 with volume of 275.30 thousand shares. Mercer International Inc. has traded high as $ 6.07 and has cracked $ 5.80 on the downward trend
According to the previous trading day, closing price of $ 5.89, representing a 5.00 % increase from the 52 week low of $ 5.80 and a 54.69 % decrease over the 52 week high of $ 13.44.
The company has a market capital of $ 387.96 million and is part of the Basic Materials sector and Paper & Paper Products industry.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.065 per share to holders of record as of the close of business on September 29, 2020, with payment date of October 6, 2020 and ex-dividend date on September 28, 2020.
Mercer International Inc., together with its subsidiaries, manufactures and sells northern bleached softwood Kraft (NBSK) pulp in the United States, Europe, Asia, and internationally. The company operates in two segments, Pulp and Wood Products. It produces NBSK pulp primarily from wood chips and pulp logs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source.
