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Mercury General Corporation (MCY)
58.40 0.00 (0.00%)
Pre-Market: 8:43AM EST
Chart Events
Performance Outlook
| Previous Close | 59.23 |
| Open | 59.04 |
| Bid | 57.00 x 1100 |
| Ask | 0.00 x 1800 |
| Day's Range | 58.22 - 59.39 |
| 52 Week Range | 33.45 - 61.17 |
| Volume | 191,703 |
| Avg. Volume | 259,545 |
| Market Cap | 3.233B |
| Beta (5Y Monthly) | 0.43 |
| PE Ratio (TTM) | 8.63 |
| EPS (TTM) | 6.77 |
| Earnings Date | May 03, 2021 - May 07, 2021 |
| Forward Dividend & Yield | 2.53 (4.33%) |
| Ex-Dividend Date | Mar 16, 2021 |
| 1y Target Est | N/A |
Fair Value
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P/E Ratio Insights for Mercury General
In the current session, Mercury General Inc. (NYSE:MCY) is trading at $55.89, after a 1.84% gain. Over the past month, the stock increased by 2.41%, and in the past year, by 8.43%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by 3.07%. The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. View more earnings on MCY Most often, an industry will prevail in a particular phase of a business cycle, than other industries. Compared to the aggregate P/E ratio of the 23.27 in the Insurance industry, Mercury General Inc. has a lower P/E ratio of 12.7. Shareholders might be inclined to think that the stock might perform worse than its industry peers. It's also possible that the stock is undervalued. There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings. See more from BenzingaClick here for options trades from BenzingaMercury General: Q4 Earnings InsightsEarnings Scheduled For February 16, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Benzinga
Mercury General: Q4 Earnings Insights
Shares of Mercury General (NYSE:MCY) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 557.14% year over year to $1.38, which beat the estimate of $0.69. Revenue of $1,072,000,000 higher by 8.50% from the same period last year, which beat the estimate of $932,260,000. Outlook Mercury General hasn't issued any earnings guidance for the time being. View more earnings on MCY Revenue guidance hasn't been issued by the company for now. Technicals 52-week high: $57.66 52-week low: $33.45 Price action over last quarter: Up 33.55% Company Overview Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, most of its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman and majority owner. Its insurance is distributed exclusively through independent agents. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 16, 2021Earnings Outlook For Mercury General© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
