Mercury General (NYSE:MCY) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, August 3rd. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Mercury General (NYSE:MCY) last posted its quarterly earnings data on Monday, May 4th. The insurance provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.88 by $0.19. The firm had revenue of $954.20 million during the quarter, compared to analyst estimates of $927.89 million. Mercury General had a return on equity of 8.88% and a net margin of 1.23%. Mercury General’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. On average, analysts expect Mercury General to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE:MCY opened at $42.91 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 52.98, a price-to-earnings-growth ratio of 0.77 and a beta of 0.34. Mercury General has a one year low of $33.45 and a one year high of $58.15. The business has a fifty day moving average price of $40.81 and a 200-day moving average price of $42.42.
Separately, Zacks Investment Research upgraded Mercury General from a “sell” rating to a “hold” rating in a research note on Tuesday, June 16th.
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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