Mercury General (MCY) to Release Earnings on Tuesday

Mercury General (NYSE:MCY) is scheduled to announce its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.80 per share for the quarter.

Mercury General (NYSE:MCY) last announced its quarterly earnings data on Tuesday, April 30th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.63. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Mercury General had a net margin of 4.48% and a return on equity of 9.85%. 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 Trading Up 2.6 %

Shares of Mercury General stock opened at $58.14 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.30. The company has a fifty day moving average of $54.56 and a 200 day moving average of $50.63. The company has a market capitalization of $3.22 billion, a P/E ratio of 14.95 and a beta of 0.82. Mercury General has a fifty-two week low of $27.27 and a fifty-two week high of $59.89.

Mercury General Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given a dividend of $0.3175 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.27 annualized dividend and a dividend yield of 2.18%. This is a boost from Mercury General’s previous quarterly dividend of $0.32. Mercury General’s dividend payout ratio (DPR) is currently 32.65%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Mercury General from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th.

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.