Mercury General (MCY) Issues Quarterly Earnings Results
Mercury General (NYSE:MCY) posted its quarterly earnings results on Monday. The insurance provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.18), Briefing.com reports. The business had revenue of $779.20 million during the quarter, compared to analyst estimates of $847.35 million. Mercury General had a return on equity of 6.47% and a net margin of 3.00%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS.
Mercury General (NYSE:MCY) opened at $48.98 on Monday. Mercury General has a 52 week low of $48.31 and a 52 week high of $64.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $2,710.17, a P/E ratio of 27.36, a P/E/G ratio of 0.57 and a beta of 0.42.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 5.10%. Mercury General’s dividend payout ratio is 139.67%.
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Mercury General Company Profile
Mercury General Corporation is an insurance holding company. As of December 31, 2016, the Company and its subsidiaries were engaged in writing personal automobile insurance through 14 insurance subsidiaries in 11 states, principally California. Its segments include Property and Casualty Lines, and Other Lines.
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