Mercury General (MCY) Scheduled to Post Earnings on Tuesday

Mercury General (NYSE:MCY) will be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Mercury General to post earnings of $1.15 per share for the quarter.

Mercury General (NYSE:MCY) last announced 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. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Mercury General had a return on equity of 14.91% and a net margin of 6.36%. During the same period last year, the business posted ($0.47) EPS. 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 opened at $67.04 on Monday. The stock has a 50-day simple moving average of $63.32 and a 200-day simple moving average of $58.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $3.71 billion, a PE ratio of 11.62 and a beta of 0.81. Mercury General has a 1 year low of $29.55 and a 1 year high of $69.00.

Mercury General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.3175 dividend. This represents a $1.27 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, September 12th. Mercury General’s 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.