Erie Indemnity Company (ERIE)
Stock Price:
$215.86 USD
2.28 (1.07%)
Updated Aug 5, 2020 12:25 PM EDT - Market open
Key Info
| Market Cap |
9.97B |
| Revenue (ttm) |
2.51B |
| Net Income (ttm) |
295.06M |
| Shares Out |
46.19M |
| EPS (ttm) |
5.64 |
| PE Ratio |
38.27 |
| Forward PE |
n/a |
| Dividend |
$3.86 |
| Dividend Yield |
1.79% |
Stock Quote
| Trading Day |
Aug 5, 2020 |
| Last Price |
$215.86 |
| Previous Close |
$213.58 |
| Change ($) |
2.28 |
| Change (%) |
1.07% |
| Day's Open |
215.14 |
| Day's Range |
213.42 - 216.00 |
| Day's Volume |
6,126 |
| 52-Week Range |
130.20 - 227.54 |
More Stats
| Market Cap |
9.97B |
| Enterprise Value |
9.78B |
| Earnings Date (est) |
Oct 22, 2020 |
| Ex-Dividend Date |
Jul 6, 2020 |
| Shares Outstanding |
46.19M |
| Float |
25.13M |
| EPS (basic) |
6.33 |
| EPS (diluted) |
5.64 |
| FCF / Share |
5.91 |
| Dividend |
$3.86 |
| Dividend Yield |
1.79% |
| Earnings Yield |
2.61% |
| FCF Yield |
2.74% |
| Payout Ratio |
58.90% |
| Shares Short |
928,442 |
| Short Ratio |
14.83 |
| Short % of Float |
3.79% |
| Beta |
0.53 |
| PE Ratio |
38.27 |
| Forward PE |
n/a |
| P/FCF Ratio |
36.53 |
| PS Ratio |
3.97 |
| PB Ratio |
9.20 |
| 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
Low
115
Current: $215.86
High
115
Target: 115.00
*Average 12-month price target from 1 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 2,477 | 2,382 | 1,692 | 1,597 | 1,506 | 1,407 | 6,271 | 5,512 | 4,824 | 4,890 |
| Revenue Growth | 3.99% | 40.81% | 5.96% | 6.05% | 6.99% | -77.56% | 13.77% | 14.26% | -1.35% | - |
| Gross Profit | 357 | 344 | 290 | 294 | 1,506 | 1,407 | 2,804 | 2,032 | 1,380 | 1,990 |
| Operating Income | 357 | 344 | 290 | 294 | 233 | 223 | 1,567 | 899 | 358 | 999 |
| Net Income | 317 | 288 | 197 | 210 | 175 | 168 | 163 | 160 | 169 | 162 |
| Shares Outstanding | 46.19 | 46.19 | 46.19 | 46.19 | 46.19 | 46.25 | 46.66 | 47.36 | 48.88 | 50.71 |
| Earnings Per Share | 6.06 | 5.51 | 3.76 | 4.01 | 3.33 | 3.18 | 3.08 | 2.99 | 3.08 | 2.85 |
| EPS Growth | 9.98% | 46.54% | -6.23% | 20.42% | 4.72% | 3.25% | 3.01% | -2.92% | 8.07% | - |
| Dividend Per Share | 3.60 | 3.36 | 3.13 | 2.19 | 3.45 | 2.54 | 1.78 | 4.81 | 2.06 | 1.44 |
| Dividend Growth | 7.14% | 7.31% | 42.97% | -36.6% | 35.98% | 42.78% | -62.98% | 133.25% | 43.06% | - |
| Operating Cash Flow | 365 | 264 | 197 | 254 | 217 | 186 | 903 | 577 | 360 | 721 |
| Capital Expenditures | -101 | -50.28 | -28.93 | -25.21 | -12.56 | -19.47 | -42.00 | -33.00 | -11.00 | -33.00 |
| Free Cash Flow | 263 | 213 | 168 | 229 | 205 | 167 | 861 | 544 | 349 | 688 |
| Cash & Equivalents | 372 | 669 | 312 | 245 | 245 | 514 | 452 | 400 | 185 | 430 |
| Total Debt | 97.82 | 99.73 | 74.73 | 24.77 | - | - | - | - | - | - |
| Net Cash / Debt | 274 | 569 | 237 | 220 | 245 | 514 | 452 | 400 | 185 | 430 |
| Assets | 2,016 | 1,778 | 1,666 | 1,549 | 1,407 | 17,758 | 16,676 | 15,441 | 14,348 | 14,344 |
| Liabilities | 883 | 805 | 809 | 732 | 638 | 9,775 | 9,126 | 8,650 | 8,055 | 8,010 |
| Book Value | 1,133 | 974 | 857 | 817 | 770 | 703 | 734 | 642 | 781 | 912 |
Numbers in millions USD, except per-share numbers.
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.