Mercury General (MCY) Scheduled to Post Quarterly Earnings on Tuesday

Mercury General (NYSE:MCY) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.

Mercury General (NYSE:MCY) last released its quarterly earnings results on Tuesday, February 13th. The insurance provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.05 by $1.10. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Mercury General had a return on equity of 1.17% and a net margin of 2.08%. On average, analysts expect Mercury General to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Mercury General Stock Performance

NYSE MCY opened at $51.66 on Friday. The stock has a market capitalization of $2.86 billion, a PE ratio of 29.69 and a beta of 0.80. The business has a 50 day simple moving average of $50.41 and a two-hundred day simple moving average of $41.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Mercury General has a 1-year low of $26.15 and a 1-year high of $57.12.

Mercury General Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were paid a $0.317 dividend. This represents a $1.27 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, March 12th. Mercury General’s payout ratio is 72.99%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Mercury General from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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.