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Erie Indemnity Company (ERIE)

Stock Price: $231.00 USD 0.50 (0.22%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 10.67B
Revenue (ttm) 2.51B
Net Income (ttm) 295.06M
Shares Out 46.19M
EPS (ttm) 5.64
PE Ratio 40.96
Forward PE n/a
Dividend $3.86
Dividend Yield 1.67%

Stock Quote

Trading Day Oct 23, 2020
Last Price $231.00
Previous Close $230.50
Change ($) 0.50
Change (%) 0.22%
Day's Open 231.64
Day's Range 227.27 - 232.65
Day's Volume 49,460
52-Week Range 130.20 - 233.03

More Stats

Market Cap 10.67B
Enterprise Value 10.48B
Earnings Date (est) Oct 29, 2020
Ex-Dividend Date Oct 2, 2020
Shares Outstanding 46.19M
Float 25.12M
EPS (basic) 6.33
EPS (diluted) 5.64
FCF / Share 5.91
Dividend $3.86
Dividend Yield 1.67%
Earnings Yield 2.44%
FCF Yield 2.56%
Payout Ratio 58.90%
Shares Short 783,429
Short Ratio 8.29
Short % of Float 3.12%
Beta 0.52
PE Ratio 40.96
Forward PE n/a
P/FCF Ratio 39.09
PS Ratio 4.25
PB Ratio 10.03
Revenue 2.51B
Operating Income 351.49M
Net Income 295.06M
Free Cash Flow 272.97M
Net Cash 189.72M
Net Cash / Share 4.11
Gross Margin 14.24%
Operating Margin 14.01%
Profit Margin 11.80%
FCF Margin 10.88%
ROA 11.06%
ROE 26.14%
ROIC 30.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (2)

Buy 1
Overweight 0
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$115.00*
Low
115
Current: $231.00
High
115
Target: 115.00
*Average 12-month price target from 1 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue2,4772,3821,6921,5971,5061,4076,2715,5124,8244,890
Revenue Growth3.99%40.81%5.96%6.05%6.99%-77.56%13.77%14.26%-1.35%-
Gross Profit3573442902941,5061,4072,8042,0321,3801,990
Operating Income3573442902942332231,567899358999
Net Income317288197210175168163160169162
Shares Outstanding46.1946.1946.1946.1946.1946.2546.6647.3648.8850.71
Earnings Per Share6.065.513.764.013.333.183.082.993.082.85
EPS Growth9.98%46.54%-6.23%20.42%4.72%3.25%3.01%-2.92%8.07%-
Dividend Per Share3.603.363.132.193.452.541.784.812.061.44
Dividend Growth7.14%7.31%42.97%-36.6%35.98%42.78%-62.98%133.25%43.06%-
Operating Cash Flow365264197254217186903577360721
Capital Expenditures-101-50.28-28.93-25.21-12.56-19.47-42.00-33.00-11.00-33.00
Free Cash Flow263213168229205167861544349688
Cash & Equivalents372669312245245514452400185430
Total Debt97.8299.7374.7324.77------
Net Cash / Debt274569237220245514452400185430
Assets2,0161,7781,6661,5491,40717,75816,67615,44114,34814,344
Liabilities8838058097326389,7759,1268,6508,0558,010
Book Value1,133974857817770703734642781912
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Erie Indemnity Company
Country United States
Employees 5,700
CEO Timothy G. NeCastro

Stock Information

Ticker Symbol ERIE
Stock Exchange NASDAQ
Sector Financial Services
Industry Insurance Brokers
Unique Identifier NASDAQ: ERIE
IPO Date October 2, 1995

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. Its sales related services include 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 founded in 1925 and is based in Erie, Pennsylvania.