Mercury General Corporation (NYSE:MCY) property and casualty insurance provider, is reporting second quarter earnings results on Monday 3rd August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.78 per share.
For the full year, analysts predict revenues of $ 3560.21 million, while looking forward to income of $ 3.32 per share.
Previous Quarter Performance
Mercury General Corporation outlined income for the first quarter of $ 1.07 per share, from the revenue of $ 708.31 million. The quarterly earnings elevated 22.99 percent while revenues declined 23.73 percent compared with the same quarter last year.
Wall street analysts are predicting, MCY to report 1Q20 income of $ 0.88 per share from revenue of $ 972.87 million. The bottom line results beat street analysts by $ 0.19 or 21.59 percent, at the same time, top line results fell short of analysts by $ 264.56 million or 27.19 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MCY was $ 42.91, representing a 28.28 % increase from the 52 week low of $ 33.45 and a 23.96 % decrease over the 52 week high of $ 56.43.
The company has a market capital of $ 2.38 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.63 per share on May 4, 2020. The dividend were payable on June 25, 2020 to holders of record as of the close of business on June 11, 2020 and ex-dividend date on June 10, 2020.
Conference Call
Mercury General Corporation will be hosting a conference call at 1:00 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mercuryinsurance.com
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.
