Mercury General (MCY) Expected to Announce Earnings on Tuesday

Mercury General (NYSE:MCY) will likely be issuing its quarterly earnings data 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Mercury General Price Performance

Shares of NYSE:MCY opened at $49.74 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.33 and a current ratio of 0.33. Mercury General has a 52 week low of $37.89 and a 52 week high of $80.72. The firm has a market cap of $2.75 billion, a PE ratio of 4.93 and a beta of 0.85. The firm’s fifty day moving average is $63.61 and its 200-day moving average is $64.14.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Mercury General from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 26th.

Mercury General Company Profile

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.