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

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

Mercury General (NYSE:MCY) last posted its quarterly earnings data on Tuesday, February 13th. The insurance provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $1.10. Mercury General had a net margin of 2.08% and a return on equity of 1.17%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. 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 Up 3.1 %

Shares of MCY stock opened at $55.30 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $3.06 billion, a PE ratio of 31.78 and a beta of 0.80. The business’s fifty day moving average is $49.66 and its 200-day moving average is $41.21. Mercury General has a 1 year low of $26.15 and a 1 year high of $55.62.

Mercury General Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a $0.317 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 2.29%. Mercury General’s payout ratio is currently 72.99%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Mercury General from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 17th.

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.