Favorable Press Coverage Somewhat Unlikely to Affect Erie Indemnity (ERIE) Stock Price

News coverage about Erie Indemnity (NASDAQ:ERIE) has trended positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Erie Indemnity earned a news impact score of 0.28 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.1913198961687 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several equities research analysts have issued reports on the stock. BidaskClub cut shares of Erie Indemnity from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Erie Indemnity from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd.

Erie Indemnity (NASDAQ:ERIE) traded up $0.23 on Wednesday, hitting $121.13. 16,945 shares of the company traded hands, compared to its average volume of 29,960. 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 twelve month low of $106.91 and a twelve month high of $129.73. The firm has a market capitalization of $5,638.76, a PE ratio of 30.37 and a beta of 0.47.

Erie Indemnity (NASDAQ:ERIE) last released its earnings results on Thursday, October 26th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. Erie Indemnity had a net margin of 12.62% and a return on equity of 24.98%. The business had revenue of $442.49 million for the quarter, compared to analysts’ expectations of $437.72 million. research analysts expect that Erie Indemnity will post 3.9 earnings per share for the current year.

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About Erie Indemnity

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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