Marsh & McLennan Companies, Inc. (NYSE:MMC) Expected to Announce Earnings of $1.15 Per Share

Wall Street analysts predict that Marsh & McLennan Companies, Inc. (NYSE:MMC) will report earnings of $1.15 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Marsh & McLennan Companies’ earnings, with the lowest EPS estimate coming in at $1.10 and the highest estimate coming in at $1.19. Marsh & McLennan Companies posted earnings per share of $1.10 in the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The firm is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Marsh & McLennan Companies will report full year earnings of $4.61 per share for the current year, with EPS estimates ranging from $4.49 to $4.71. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.08 per share, with EPS estimates ranging from $4.88 to $5.34. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 25th. The financial services provider reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.19 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.



Several equities analysts have recently weighed in on MMC shares. ValuEngine raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Tuesday, March 19th. Keefe, Bruyette & Woods downgraded Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $100.00 to $99.00 in a research report on Wednesday. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $95.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. Finally, Goldman Sachs Group began coverage on Marsh & McLennan Companies in a research report on Monday, April 8th. They issued a “neutral” rating and a $98.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $94.09.

Several institutional investors and hedge funds have recently bought and sold shares of MMC. Sontag Advisory LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $26,000. Howe & Rusling Inc. grew its position in shares of Marsh & McLennan Companies by 66.7% during the 4th quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock worth $27,000 after buying an additional 136 shares in the last quarter. Kore Private Wealth LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $28,000. Capital Financial Planning LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $29,000. Finally, Canton Hathaway LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $30,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

NYSE MMC opened at $98.17 on Monday. The company has a market cap of $50.72 billion, a PE ratio of 22.57, a P/E/G ratio of 1.82 and a beta of 0.79. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.21 and a current ratio of 2.21. Marsh & McLennan Companies has a fifty-two week low of $74.30 and a fifty-two week high of $100.20.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.455 per share. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.85%. Marsh & McLennan Companies’s dividend payout ratio is presently 38.16%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

Further Reading: Equal Weight Rating

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Earnings History and Estimates for Marsh & McLennan Companies (NYSE:MMC)

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