Brokerages Expect Marsh & McLennan Companies, Inc. (NYSE:MMC) Will Announce Quarterly Sales of $4.00 Billion

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Equities analysts expect that Marsh & McLennan Companies, Inc. (NYSE:MMC) will announce sales of $4.00 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Marsh & McLennan Companies’ earnings. The lowest sales estimate is $3.97 billion and the highest is $4.02 billion. Marsh & McLennan Companies posted sales of $3.50 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The firm is expected to issue its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Marsh & McLennan Companies will report full year sales of $16.87 billion for the current fiscal year, with estimates ranging from $16.79 billion to $16.97 billion. For the next fiscal year, analysts anticipate that the company will report sales of $18.20 billion, with estimates ranging from $18.13 billion to $18.43 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms 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 (EPS) 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 business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm posted $1.10 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year.

Several research analysts have commented on the stock. UBS Group boosted their price target 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. ValuEngine cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods downgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $100.00 to $99.00 in a research report on Wednesday, June 12th. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price objective for the company. in a research report on Monday, July 1st. Finally, Morgan Stanley boosted their price objective on shares of Marsh & McLennan Companies from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $98.50.

Shares of MMC opened at $98.17 on Tuesday. Marsh & McLennan Companies has a 1-year low of $74.30 and a 1-year high of $103.36. The stock has a market cap of $49.22 billion, a PE ratio of 22.57, a P/E/G ratio of 1.73 and a beta of 0.77. The firm has a 50-day simple moving average of $100.24 and a two-hundred day simple moving average of $95.84. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.18 and a quick ratio of 1.18.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Marsh & McLennan Companies by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,532,594 shares of the financial services provider’s stock worth $122,219,000 after acquiring an additional 66,176 shares during the period. Geode Capital Management LLC increased its stake in Marsh & McLennan Companies by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 6,628,096 shares of the financial services provider’s stock worth $527,675,000 after purchasing an additional 410,471 shares in the last quarter. Millennium Management LLC increased its stake in Marsh & McLennan Companies by 349.6% in the 4th quarter. Millennium Management LLC now owns 29,163 shares of the financial services provider’s stock worth $2,326,000 after purchasing an additional 22,677 shares in the last quarter. USS Investment Management Ltd increased its stake in Marsh & McLennan Companies by 0.6% in the 1st quarter. USS Investment Management Ltd now owns 2,178,459 shares of the financial services provider’s stock worth $204,546,000 after purchasing an additional 12,432 shares in the last quarter. Finally, Pennsylvania Trust Co increased its stake in Marsh & McLennan Companies by 21.6% in the 1st quarter. Pennsylvania Trust Co now owns 13,892 shares of the financial services provider’s stock worth $1,304,000 after purchasing an additional 2,472 shares in the last quarter. 86.29% of the stock is currently owned by institutional investors.

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

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