Mercury General (MCY) Set to Announce Earnings on Monday

Mercury General (NYSE:MCY) is scheduled to release its earnings data before the market opens on Monday, October 29th. Analysts expect Mercury General to post earnings of $0.60 per share for the quarter.

Mercury General (NYSE:MCY) last issued its earnings results on Monday, July 30th. The insurance provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.33. Mercury General had a net margin of 2.48% and a return on equity of 5.44%. The business had revenue of $871.10 million during the quarter, compared to the consensus estimate of $849.56 million. During the same period last year, the business posted $0.68 EPS. Mercury General’s revenue was up 3.8% on a year-over-year basis. On average, analysts expect Mercury General to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE:MCY opened at $50.63 on Friday. Mercury General has a 52-week low of $41.40 and a 52-week high of $60.19. The stock has a market capitalization of $2.77 billion, a P/E ratio of 30.87, a PEG ratio of 0.65 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, September 13th were paid a $0.625 dividend. The ex-dividend date of this dividend was Wednesday, September 12th. This represents a $2.50 annualized dividend and a yield of 4.94%. Mercury General’s dividend payout ratio (DPR) is currently 152.44%.

Several brokerages recently issued reports on MCY. ValuEngine upgraded shares of Mercury General from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of Mercury General from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 26th. TheStreet upgraded shares of Mercury General from a “c+” rating to a “b-” rating in a research report on Friday, August 10th. Finally, Keefe, Bruyette & Woods began coverage on shares of Mercury General in a research report on Tuesday, August 28th. They set a “buy” rating and a $64.00 price objective for the company.

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, fire, and umbrella insurance. Its automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products cover dwelling, liability, personal property, fire, and other hazards.

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Earnings History for Mercury General (NYSE:MCY)

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