Erie Indemnity (ERIE) to Release Earnings on Thursday
Erie Indemnity (NASDAQ:ERIE) is scheduled to release its earnings data after the market closes on Thursday, February 22nd. Analysts expect Erie Indemnity to post earnings of $0.76 per share for the quarter.
Shares of Erie Indemnity (ERIE) opened at $113.02 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.92 and a quick ratio of 1.92. Erie Indemnity has a 1 year low of $106.63 and a 1 year high of $129.73. The stock has a market cap of $5,820.00, a P/E ratio of 28.11 and a beta of 0.42.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Monday, January 8th were given a $0.84 dividend. This is an increase from Erie Indemnity’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, January 5th. This represents a $3.36 annualized dividend and a yield of 2.97%. Erie Indemnity’s dividend payout ratio (DPR) is 83.58%.
Separately, BidaskClub raised shares of Erie Indemnity from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd.
Erie Indemnity Company Profile
Erie Indemnity Company is a management company. The Company serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Company’s function is to perform certain services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange.
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