Marsh & McLennan Companies, Inc. (NYSE:MMC) Expected to Post Earnings of $0.70 Per Share

Share on StockTwits

Wall Street brokerages expect Marsh & McLennan Companies, Inc. (NYSE:MMC) to post earnings per share of $0.70 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Marsh & McLennan Companies’ earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.65. Marsh & McLennan Companies reported earnings of $0.78 per share in the same quarter last year, which would indicate a negative year over year growth rate of 10.3%. The firm is expected to report its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Marsh & McLennan Companies will report full year earnings of $4.62 per share for the current financial year, with EPS estimates ranging from $4.55 to $4.71. For the next financial year, analysts anticipate that the company will post earnings of $5.11 per share, with EPS estimates ranging from $4.95 to $5.27. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a net margin of 9.45% and a return on equity of 29.72%. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis.

MMC has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Marsh & McLennan Companies from $101.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday. ValuEngine cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. UBS Group raised their target price on shares of Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 target price for the company. in a report on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $98.50.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Marsh & McLennan Companies by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,532,594 shares of the financial services provider’s stock valued at $122,219,000 after purchasing an additional 66,176 shares during the period. Geode Capital Management LLC boosted its stake in Marsh & McLennan Companies by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 6,628,096 shares of the financial services provider’s stock valued at $527,675,000 after acquiring an additional 410,471 shares during the last quarter. Millennium Management LLC boosted its stake in Marsh & McLennan Companies by 349.6% during the 4th quarter. Millennium Management LLC now owns 29,163 shares of the financial services provider’s stock valued at $2,326,000 after acquiring an additional 22,677 shares during the last quarter. USS Investment Management Ltd boosted its stake in Marsh & McLennan Companies by 0.6% during the 1st quarter. USS Investment Management Ltd now owns 2,178,459 shares of the financial services provider’s stock valued at $204,546,000 after acquiring an additional 12,432 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Marsh & McLennan Companies during the 1st quarter valued at $359,000. Institutional investors own 85.65% of the company’s stock.

Shares of NYSE:MMC traded up $1.12 during trading hours on Friday, hitting $97.78. 1,442,100 shares of the company’s stock traded hands, compared to its average volume of 1,610,398. Marsh & McLennan Companies has a 52 week low of $74.30 and a 52 week high of $103.36. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.18 and a current ratio of 1.18. The company’s fifty day simple moving average is $100.56 and its two-hundred day simple moving average is $95.68. The company has a market cap of $48.94 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77.

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.

See Also: What are the benefits of a balanced fund?

Get a free copy of the Zacks research report on Marsh & McLennan Companies (MMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
SB Financial Group Inc  Shares Bought by EJF Capital LLC
SB Financial Group Inc Shares Bought by EJF Capital LLC


© 2006-2019 Ticker Report