Mercury General (MCY) Set to Announce Quarterly Earnings on Tuesday

Mercury General (NYSE:MCY) will 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 issued its earnings results on Tuesday, July 30th. The insurance provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.29. Mercury General had a return on equity of 14.91% and a net margin of 6.36%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous 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 Performance

Shares of MCY stock opened at $67.04 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $63.32 and a two-hundred day moving average of $58.23. The company has a market cap of $3.71 billion, a P/E ratio of 11.62 and a beta of 0.81. Mercury General has a 52 week low of $29.55 and a 52 week high of $69.00.

Mercury General Announces Dividend

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 dividend of $0.3175 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.27 annualized dividend and a dividend yield of 1.89%. Mercury General’s dividend payout ratio is presently 22.01%.

Mercury General Company Profile

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.