Erie Indemnity Company (ERIE) displayed a price of $235.39, marking a $4.17 increase from the previous close, equivalent to a 1.8% rise. With a trading volume of $68,481, representing a 28.13% increase relative to the average, the company showcases active market participation.
ERIE has experienced a four-day downward streak, resulting in a price decrease of $-18.46, a -7.27% change. The streak began at $253.85.
In its latest earnings report on Wednesday, April 22nd, ERIE reported a consensus estimate EPS of 3.06. The company's latest quarterly revenue consensus estimate stands at $1 billion.
ERIE offers a forward dividend yield of 2.49%, with a dividend per share of $1.46 on a trailing twelve-month basis, showcasing consistent dividend distribution.
The company reported a free cash flow of $54.48 million, with a net cash decrease of $77.26 million. Operating cash flow stood at $91.89 million, indicating operational strength.
ERIE generated $1 billion in revenue, with a gross profit of $146.90 million. The company achieved a net income of $150.47 million, translating to an EPS of $3.23.
Key ratios for ERIE include a net profit margin of 14.87%, return on equity of 6.39%, and a price-to-earnings ratio of 19.44, reflecting its financial performance.
With total assets of $3.38 billion and total liabilities of $1 billion, ERIE maintains a robust financial position, underpinned by $268.62 million in cash and cash equivalents.
This comprehensive overview highlights ERIE's financial standing amidst market fluctuations, emphasizing its resilience and strategic positioning.
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, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.