Mercury General (MCY) Expected to Announce Earnings on Tuesday

Mercury General (NYSE:MCY) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $1.94 per share and revenue of $1.40 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Mercury General Trading Down 0.2 %

Shares of Mercury General stock opened at $49.74 on Tuesday. The stock has a market cap of $2.75 billion, a P/E ratio of 4.93 and a beta of 0.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.31. Mercury General has a 12-month low of $37.89 and a 12-month high of $80.72. The business’s 50 day moving average is $63.61 and its 200-day moving average is $64.14.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Mercury General from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 26th.

Insider Activity at Mercury General

In other news, VP Heidi C. Sullivan sold 1,076 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $77.28, for a total value of $83,153.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 35.50% of the stock is currently owned by company insiders.

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.