Erie Indemnity (ERIE) Set to Announce Quarterly Earnings on Thursday

Erie Indemnity (NASDAQ:ERIE) will be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.68 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Erie Indemnity (NASDAQ:ERIE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.04. Erie Indemnity had a return on equity of 30.80% and a net margin of 12.58%. The business had revenue of $647.71 million for the quarter, compared to analysts’ expectations of $651.43 million. On average, analysts expect Erie Indemnity to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ERIE stock opened at $186.38 on Wednesday. The stock’s fifty day simple moving average is $193.74 and its two-hundred day simple moving average is $213.96. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.09. Erie Indemnity has a 1-year low of $122.62 and a 1-year high of $270.23. The stock has a market cap of $8.65 billion, a P/E ratio of 33.83 and a beta of 0.45.

In other Erie Indemnity news, Director J Ralph Borneman, Jr. sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $210.00, for a total value of $4,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 46.87% of the stock is currently owned by insiders.

ERIE has been the topic of several research analyst reports. BidaskClub raised Erie Indemnity from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research cut Erie Indemnity from a “hold” rating to a “sell” rating in a research report on Monday, August 19th. Finally, ValuEngine cut Erie Indemnity from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th.

Erie Indemnity Company Profile

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, and policy issuance services for the policyholders on behalf of the Erie Insurance Exchange. Its sales related services include agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing, as well as provides administrative support, information technology, and customer services.

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Earnings History for Erie Indemnity (NASDAQ:ERIE)

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