Factors Likely to Have Influenced Earnings Results Mercury General (NYSE:MCY)

Earnings results for Mercury General (NYSE:MCY)

Mercury General Corporation is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.25. The reported EPS for the same quarter last year was $1.07.

Mercury General last announced its quarterly earnings data on February 15th, 2021. The insurance provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.69. The firm had revenue of $957.40 million for the quarter, compared to the consensus estimate of $932.27 million. Mercury General has generated $2.60 earnings per share over the last year and currently has a price-to-earnings ratio of 14.4. Mercury General has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021.

Analyst Opinion on Mercury General (NYSE:MCY)

1 Wall Street analysts have issued ratings and price targets for Mercury General in the last 12 months. There are currently 1 sell rating for the stock, resulting in a consensus rating of “Sell.”

There is not enough analysis data for Mercury General.

Dividend Strength: Mercury General (NYSE:MCY)

Mercury General is a leading dividend payer. It pays a dividend yield of 4.06%, putting its dividend yield in the top 25% of dividend-paying stocks. Mercury General has been increasing its dividend for 12 years. The dividend payout ratio of Mercury General is 97.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Mercury General will have a dividend payout ratio of 74.41% next year. This indicates that Mercury General will be able to sustain or increase its dividend.

Insiders buying/selling: Mercury General (NYSE:MCY)

In the past three months, Mercury General insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $724,020.00 in company stock. Only 34.30% of the stock of Mercury General is held by insiders. 38.62% of the stock of Mercury General is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Mercury General (NYSE:MCY

Earnings for Mercury General are expected to decrease by -27.66% in the coming year, from $4.70 to $3.40 per share. The P/E ratio of Mercury General is 14.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.08. The P/E ratio of Mercury General is 14.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.04. Mercury General has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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