Mercury General (MCY) to Release Quarterly Earnings on Tuesday

Mercury General (NYSE:MCY - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of ($4.00) per share and revenue of $1.36 billion for the quarter.

Mercury General (NYSE:MCY - Get Free Report) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $2.78 EPS for the quarter, topping the consensus estimate of $1.94 by $0.84. Mercury General had a return on equity of 22.54% and a net margin of 8.55%. On average, analysts expect Mercury General to post $-1 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Mercury General Price Performance

NYSE MCY traded up $1.97 on Friday, reaching $57.33. 139,476 shares of the stock traded hands, compared to its average volume of 698,630. Mercury General has a 12 month low of $44.19 and a 12 month high of $80.72. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm's fifty day simple moving average is $54.37 and its 200 day simple moving average is $60.73. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 6.78 and a beta of 0.81.

Mercury General Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.3175 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.27 annualized dividend and a yield of 2.22%. This is a boost from Mercury General's previous quarterly dividend of $0.32. Mercury General's dividend payout ratio (DPR) is currently 15.03%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Mercury General from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Raymond James upgraded shares of Mercury General from an "outperform" rating to a "strong-buy" rating and lifted their price target for the stock from $70.00 to $80.00 in a research report on Wednesday, February 12th.

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.