Mercury General (MCY) Set to Announce Earnings on Tuesday

Mercury General (NYSE:MCY) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.15 per share for the quarter.

Mercury General (NYSE:MCY) last announced its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.29. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.33 billion. Mercury General had a net margin of 6.36% and a return on equity of 14.91%. During the same quarter in the prior year, the firm posted ($0.47) earnings per share. On average, analysts expect Mercury General to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Mercury General Stock Down 1.2 %

MCY stock opened at $66.48 on Tuesday. The company has a 50 day moving average price of $62.66 and a two-hundred day moving average price of $57.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $3.68 billion, a P/E ratio of 17.08 and a beta of 0.81. Mercury General has a one year low of $29.23 and a one year high of $69.00.

Mercury General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.3175 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, September 12th. Mercury General’s dividend payout ratio is currently 32.65%.

About Mercury General

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages.