Analysts Expect Marsh & McLennan Companies, Inc. (NYSE:MMC) to Post $1.70 Earnings Per Share


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Equities analysts predict that Marsh & McLennan Companies, Inc. (NYSE:MMC) will report earnings per share of $1.70 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Marsh & McLennan Companies’ earnings, with the highest EPS estimate coming in at $1.76 and the lowest estimate coming in at $1.64. Marsh & McLennan Companies reported earnings of $1.64 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, April 27th.

On average, analysts expect that Marsh & McLennan Companies will report full-year earnings of $5.32 per share for the current fiscal year, with EPS estimates ranging from $5.15 to $5.38. For the next fiscal year, analysts anticipate that the business will post earnings of $5.85 per share, with EPS estimates ranging from $5.60 to $6.02. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Wednesday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.13 by $0.06. Marsh & McLennan Companies had a net margin of 11.91% and a return on equity of 31.20%. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the company earned $1.19 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year.

MMC has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Marsh & McLennan Companies from $125.00 to $130.00 in a research report on Wednesday, March 31st. The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their price target for the stock from $126.00 to $112.00 in a research report on Friday, January 8th. Raymond James downgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating in a research report on Thursday. Morgan Stanley upped their target price on shares of Marsh & McLennan Companies from $124.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 30th. Finally, Credit Suisse Group upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “outperform” rating and increased their price target for the company from $120.00 to $130.00 in a research report on Monday, January 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $118.00.

NYSE:MMC opened at $126.96 on Friday. The company has a market cap of $64.52 billion, a PE ratio of 31.90, a P/E/G ratio of 3.88 and a beta of 0.86. Marsh & McLennan Companies has a one year low of $91.80 and a one year high of $127.13. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s 50 day simple moving average is $119.80 and its 200 day simple moving average is $115.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Wednesday, April 7th will be issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, April 6th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.91%.

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 6,125 shares of the company’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $115.28, for a total transaction of $706,090.00. 0.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MMC. BlackRock Inc. lifted its holdings in shares of Marsh & McLennan Companies by 3.0% in the fourth quarter. BlackRock Inc. now owns 41,242,579 shares of the financial services provider’s stock worth $4,825,383,000 after buying an additional 1,183,921 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Marsh & McLennan Companies by 5.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,053,215 shares of the financial services provider’s stock worth $3,867,186,000 after buying an additional 1,704,020 shares in the last quarter. FMR LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.6% in the fourth quarter. FMR LLC now owns 12,449,048 shares of the financial services provider’s stock worth $1,456,538,000 after buying an additional 319,737 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Marsh & McLennan Companies by 1.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 5,959,581 shares of the financial services provider’s stock worth $697,144,000 after buying an additional 99,333 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of Marsh & McLennan Companies by 0.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,032,938 shares of the financial services provider’s stock worth $588,854,000 after purchasing an additional 38,435 shares during the last quarter. 86.56% of the stock is currently owned by institutional investors and hedge funds.

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 and 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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