Mercury General (MCY) Set to Announce Earnings on Monday

Mercury General (NYSE:MCY) is scheduled to be posting its quarterly earnings results before the market opens on Monday, April 29th. Analysts expect Mercury General to post earnings of $0.77 per share for the quarter.

Mercury General (NYSE:MCY) last announced its quarterly earnings data on Monday, February 11th. The insurance provider reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($1.00). Mercury General had a negative net margin of 0.17% and a positive return on equity of 5.91%. The business had revenue of $850.70 million during the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts expect Mercury General to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NYSE MCY opened at $51.10 on Monday. Mercury General has a fifty-two week low of $43.46 and a fifty-two week high of $61.83. The company has a market capitalization of $2.83 billion, a P/E ratio of 28.39 and a beta of 0.23. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.23.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.627 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $2.51 annualized dividend and a yield of 4.91%. Mercury General’s dividend payout ratio is currently 139.44%.

Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Mercury General from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Zacks Investment Research lowered shares of Mercury General from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

In other news, Director George Gwyer Braunegg bought 500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $50.86 per share, for a total transaction of $25,430.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 34.20% of the company’s stock.

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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, 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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