Mercury General (MCY) Misses Q1 EPS by 19c

Go back to Mercury General (MCY) Misses Q1 EPS by 19c

Compass Point Remains Neutral on Mercury General (MCY) Following 1Q Earnings Report

May 3, 2016 7:09 AM EDT

Compass Point reiterated a Neutral rating on Mercury General (NYSE: MCY), and raised the price target to $55.00 (from $50.00), following the company's 1Q earnings report. MCY reported operating EPS of $0.13 versus the consensus of $0.67. The company announced its quarterly dividend of $0.62, which is in line with prior quarters. The dividend payout ratio has exceeded 100% in three of the past four years... More