Wall Street analysts forecast that Marsh & McLennan Companies, Inc. (NYSE:MMC) will report $4.00 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Marsh & McLennan Companies’ earnings, with the lowest sales estimate coming in at $3.97 billion and the highest estimate coming in at $4.02 billion. Marsh & McLennan Companies reported sales of $3.50 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, October 29th.
On average, analysts expect that Marsh & McLennan Companies will report full-year sales of $16.87 billion for the current year, with estimates ranging from $16.79 billion to $16.97 billion. For the next year, analysts expect that the firm will report sales of $18.20 billion, with estimates ranging from $18.13 billion to $18.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Marsh & McLennan Companies.
Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.05. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. Marsh & McLennan Companies’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share.
Large investors have recently made changes to their positions in the stock. Lenox Wealth Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth $30,000. Coastal Capital Group Inc. purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth $30,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth $31,000. Finally, Gradient Investments LLC bought a new position in Marsh & McLennan Companies during the third quarter valued at about $34,000. Institutional investors and hedge funds own 86.74% of the company’s stock.
Shares of Marsh & McLennan Companies stock traded up $0.86 during midday trading on Friday, hitting $97.09. The company’s stock had a trading volume of 1,389,392 shares, compared to its average volume of 1,511,169. The firm has a market capitalization of $48.41 billion, a P/E ratio of 22.32, a PEG ratio of 1.70 and a beta of 0.75. The stock has a 50-day simple moving average of $99.07 and a 200-day simple moving average of $97.67. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.37. Marsh & McLennan Companies has a 1-year low of $74.30 and a 1-year high of $103.36.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a dividend of $0.455 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.82 annualized dividend and a dividend yield of 1.87%. Marsh & McLennan Companies’s dividend payout ratio is 41.84%.
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.
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