Mercury General Corporation (NYSE:MCY) property and casualty insurance provider, is expected to report third quarter earnings results, after market close, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.06 per share.
Looking ahead, the full year income are expected at $ 4.60 per share on the revenues of $ 3542.02 million.
Previous Quarter Performance
Mercury General Corporation came out with income for the second quarter of $ 1.86 per share, from the revenue of $ 1,006.00 million. The quarterly earnings 151.35 percent while revenues raised 2.71 percent compared with the same quarter last year.
Street analysts expected Mercury General Corporation to report income of $ 0.78 per share on revenue of $ 959.38 million for the second quarter. The bottom line results beat street analysts by $ 1.08 or 138.46 percent, at the same time, top line results outshined analysts by $ 46.62 million or 4.86 percent.
Stock Performance
Shares of Mercury General Corporation traded up $ 0.49 or 1.20 percent on Monday, reaching $ 41.20 with volume of 185.00 thousand shares. Mercury General Corporation has traded high as $ 41.68 and has cracked $ 40.55 on the downward trend
The closing price of $ 41.20, representing a 21.70 % increase from the 52 week low of $ 33.45 and a 24.57 % decrease over the 52 week high of $ 53.97.
The company has a market capital of $ 2.28 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.63 per share on August 3, 2020. The dividend were payable on September 29, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
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, fire, and umbrella insurance. Its automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products cover dwelling, liability, personal property, fire, and other hazards.
