Erie Indemnity Company ( ERIE) Stock. Should you Buy or Sell? $ 222.99
-1.93 (-0.87 %)
Erie Indemnity Company Analysis
Updated on 10-09-2022| Symbol | ERIE |
| Price | $222.99 |
| Beta | 0.400 |
| Volume Avg. | $65.92 thousand |
| Market Cap | $11.66 B |
| 52 Week Range | $158.46 - $234.96 |
Erie Indemnity Company opened the day at $222.99 which is -0.87 % on yesterday's close. Erie Indemnity Company has a 52 week high of $234.96 and 52 week low of $158.46, which is a difference of $76.5. We like to see positive, upward trending shares, preferably with momentum. Market capitalization is $11.66 B and total net profit is $2669608000 which means the company is trading at 4.37 times profit to market capitalization. Theoretically, if you were to buy Erie Indemnity Company for $11.66 B, it would take 15 years to get your money back. Erie Indemnity Company are in the Insurance Brokers space which will have a sweet spot and industry standard for net profit multiples.
Price Chart
Financials
Erie Indemnity Company Stock Forecast - Is Erie Indemnity Company a Buy or Sell?
| DCF Score | Strong Buy | |
| ROE Score | Neutral | |
| ROA Score | Neutral | |
| DE Score | Buy | |
| PE Score | Strong Buy | |
| PB Score | Strong Buy | |
| Overall Recommendation | Strong Buy |
Growth and Value
| PE Ratio | 39.749 |
| Dividend Yiel | 0.020 |
| Net Profit Margin | 0.108 |
Valuing Erie Indemnity Company
| Price Book Value Ratio | 8.705 | Price To Book Ratio | 8.705 |
| Price To Sales Ratio | 4.280 | Price Earnings Ratio | 39.656 |
How liquid is Erie Indemnity Company
| Current Ratio | 1.419 |
| Quick Ratio | 1.309 |
Debt
| Debt Ratio | 0.386 | Debt Equity Ratio | 0.628 |
| Long Term Debt To Capitalization | 0.000 | Total Debt To Capitalization | 0.000 |
Latest news about Erie Indemnity Company
Erie Indemnity Company (NASDAQ:ERIE ) Q2 2022 Earnings Conference Call July 29, 2022 10:00 AM ET Company Participants Scott Beilharz - Vice President, Investor Relations Tim NeCastro - President and Chief Executive Officer Greg Gutting - Executive Vice President and Chief Financial Officer Operator Good morning and welcome to the Erie Indemnity Company Second Quarter 2022 Earnings Conference Call. This call was prerecorded and there will be no question-and-answer session following the recording.
Erie Indemnity (ERIE) delivered earnings and revenue surprises of -5.56% and 2.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
ERIE, Pa. , July 20, 2022 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the second quarter on Friday, July 29 th, at 10 a.m. Eastern Time.
Erie Indemnity Company sustains its robust performance amidst a challenging market landscape. Profitability remains high in its subsidiaries despite the upsurge in claims in the last year.
Erie Indemnity (ERIE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
About Erie Indemnity Company
Description :
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.
