|Bid||226.20 x 800|
|Ask||233.98 x 800|
|Day's Range||226.30 - 239.55|
|52 Week Range||130.20 - 242.60|
|Beta (5Y Monthly)||0.52|
|PE Ratio (TTM)||41.29|
|Earnings Date||Oct 29, 2020|
|Forward Dividend & Yield||3.86 (1.63%)|
|Ex-Dividend Date||Oct 02, 2020|
|1y Target Est||N/A|
Erie Indemnity (ERIE) delivered earnings and revenue surprises of 3.64% and 3.67%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Erie Indemnity (NASDAQ:ERIE) rose 0.56% in after-market trading after the company reported Q3 results.Quarterly Results Earnings per share fell 5.00% over the past year to $1.71, which beat the estimate of $1.50.Revenue of $653,481,000 rose by 2.31% year over year, which beat the estimate of $630,350,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.View more earnings on ERIERevenue guidance hasn't been issued by the company for now.Technicals 52-week high: $239.04Company's 52-week low was at $130.20Price action over last quarter: Up 12.40%Company Description Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Thursday * Stocks That Hit 52-Week Highs On Wednesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter and nine months ending September 30, 2020. Net income was $89.2 million, or $1.71 per diluted share, in the third quarter of 2020, compared to $94.2 million, or $1.80 per diluted share, in the third quarter of 2019. Net income was $230.5 million, or $4.41 per diluted share, in the first nine months of 2020, compared to $257.2 million, or $4.92 per diluted share, in the first nine months of 2019.