Marsh (NYSE:MRSH) Announces Earnings Results, Beats Expectations By $0.15 EPS

Marsh (NYSE:MRSH) announced its quarterly earnings results on Thursday. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15, Briefing.com reports. The firm had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.52 billion. During the same period in the previous year, the business posted $1.87 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year.

Marsh Trading Down 0.5%

Shares of MRSH traded down $0.92 on Friday, reaching $187.00. 801,274 shares of the company’s stock traded hands, compared to its average volume of 2,666,008. The company has a market capitalization of $91.61 billion, a price-to-earnings ratio of 22.18 and a beta of 0.76. Marsh has a 52-week low of $174.18 and a 52-week high of $248.00.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MRSH. Wells Fargo & Company raised their price target on shares of Marsh from $199.00 to $203.00 and gave the company an “equal weight” rating in a research note on Friday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $200.00 price target on shares of Marsh in a research note on Friday. Finally, Morgan Stanley increased their price objective on shares of Marsh from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Marsh has an average rating of “Hold” and a consensus price target of $199.33.

About Marsh

Marsh is a global insurance broker and risk advisor that helps organizations assess, manage and transfer a broad range of risks. The firm provides insurance placement and broking services for commercial and public-sector clients as well as specialty solutions for families and high-net-worth individuals. Its work focuses on identifying exposures, designing risk-transfer strategies and securing coverage from insurers and reinsurers to protect clients’ assets and operations.

Services offered by Marsh include commercial property and casualty broking, cyber and professional-liability placement, employee benefits consulting, and industry-specific specialty lines such as marine, energy and construction.