Shares of Mercury General Co. (NYSE:MCY) have earned an average broker rating score of 3.50 (Sell) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and one has assigned a hold rating to the company.
Brokerages have set a 12 month consensus price target of $52.00 for the company and are expecting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Mercury General an industry rank of 82 out of 265 based on the ratings given to related companies.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Mercury General from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. TheStreet lowered shares of Mercury General from a “b” rating to a “c+” rating in a report on Monday, October 30th.
Shares of Mercury General (NYSE:MCY) traded up $0.25 on Monday, reaching $45.27. 39,559 shares of the company’s stock were exchanged, compared to its average volume of 316,725. The company has a market capitalization of $2,491.05, a PE ratio of 17.23, a price-to-earnings-growth ratio of 0.53 and a beta of 0.42. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.21. Mercury General has a 1 year low of $41.40 and a 1 year high of $63.23.
Mercury General (NYSE:MCY) last announced its quarterly earnings results on Monday, February 5th. The insurance provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.18). Mercury General had a return on equity of 5.14% and a net margin of 4.24%. The business had revenue of $779.20 million for the quarter, compared to the consensus estimate of $847.35 million. During the same quarter in the prior year, the business earned $0.58 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts expect that Mercury General will post 2.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date is Wednesday, March 14th. Mercury General’s dividend payout ratio is currently 95.42%.
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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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