Mercury General (MCY) Projected to Post Quarterly Earnings on Tuesday

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

Mercury General (NYSE:MCY) last posted its quarterly 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

Shares of MCY stock opened at $57.40 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $3.18 billion, a PE ratio of 6.79 and a beta of 0.90. The firm’s 50-day moving average is $54.43 and its two-hundred day moving average is $60.62. Mercury General has a 12 month low of $44.19 and a 12 month high of $80.72.

Mercury General Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.3175 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Mercury General’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a dividend yield of 2.21%. Mercury General’s dividend payout ratio is currently 15.03%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MCY. Raymond James raised shares of Mercury General from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $70.00 to $80.00 in a research report on Wednesday, February 12th. StockNews.com cut Mercury General from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

About Mercury General

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.