Equities research analysts expect Marsh & McLennan Companies, Inc. (NYSE:MMC) to report sales of $4.32 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Marsh & McLennan Companies’ earnings, with the highest sales estimate coming in at $4.40 billion and the lowest estimate coming in at $4.05 billion. Marsh & McLennan Companies posted sales of $3.73 billion in the same quarter last year, which would indicate a positive year over year growth rate of 15.8%. The firm is scheduled to report its next earnings report before the market opens on Tuesday, July 30th.
According to Zacks, analysts expect that Marsh & McLennan Companies will report full year sales of $16.78 billion for the current fiscal year, with estimates ranging from $16.13 billion to $16.97 billion. For the next financial year, analysts forecast that the business will report sales of $18.11 billion, with estimates ranging from $17.30 billion to $18.43 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Marsh & McLennan Companies.
Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.07. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the company posted $1.23 earnings per share. Marsh & McLennan Companies’s revenue was up 1.8% compared to the same quarter last year.
Several equities analysts recently commented on MMC shares. Royal Bank of Canada restated an “outperform” rating and issued a GBX 150 ($1.96) price target on shares of in a research note on Monday, June 17th. UBS Group upped their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Zacks Investment Research downgraded shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Finally, Wells Fargo & Co restated a “hold” rating on shares of AON in a research note on Friday, April 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $96.33.
Institutional investors and hedge funds have recently bought and sold shares of the company. Lenox Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $26,000. Canton Hathaway LLC acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $30,000. Sontag Advisory LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $26,000. Capital Financial Planning LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $29,000. Finally, Thor Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $37,000. Institutional investors own 85.04% of the company’s stock.
Shares of MMC stock traded up $0.90 on Friday, hitting $102.81. The company’s stock had a trading volume of 1,024,336 shares, compared to its average volume of 1,867,970. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 2.21. The business has a 50 day simple moving average of $98.60. Marsh & McLennan Companies has a fifty-two week low of $74.30 and a fifty-two week high of $102.95. The company has a market cap of $52.11 billion, a P/E ratio of 23.63, a PEG ratio of 1.83 and a beta of 0.78.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.77%. 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. Marsh & McLennan Companies’s dividend payout ratio is presently 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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