Mercury General (MCY) Set to Announce Earnings on Tuesday

Mercury General (NYSE:MCY) will issue its quarterly earnings data 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 results on Tuesday, April 30th. The insurance provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.15 by $0.63. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. Mercury General had a return on equity of 9.85% and a net margin of 4.48%. 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 %

NYSE MCY opened at $58.14 on Monday. Mercury General has a one year low of $27.27 and a one year high of $59.89. 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 market capitalization of $3.22 billion, a price-to-earnings ratio of 14.95 and a beta of 0.82. The company’s 50-day simple moving average is $54.56 and its two-hundred day simple moving average is $50.63.

Mercury General Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were given a $0.3175 dividend. This represents a $1.27 annualized dividend and a dividend yield of 2.18%. This is a positive change from Mercury General’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, June 13th. Mercury General’s payout ratio is presently 32.65%.

Wall Street Analyst Weigh In

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

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.