Analysts Anticipate Marsh & McLennan Companies, Inc. (NYSE:MMC) Will Post Earnings of $0.70 Per Share

Wall Street analysts forecast that Marsh & McLennan Companies, Inc. (NYSE:MMC) will announce $0.70 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Marsh & McLennan Companies’ earnings. The highest EPS estimate is $0.77 and the lowest is $0.65. Marsh & McLennan Companies reported earnings of $0.78 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.3%. The firm is expected to announce its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Marsh & McLennan Companies will report full year earnings of $4.62 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.71. For the next fiscal year, analysts anticipate that the company will report earnings of $5.11 per share, with EPS estimates ranging from $4.95 to $5.27. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year.

A number of equities analysts recently commented on MMC shares. Morgan Stanley lifted their price target on shares of Marsh & McLennan Companies from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods cut shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $100.00 to $99.00 in a research report on Wednesday, June 12th. ValuEngine cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a research 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 price objective for the company. in a research report on Monday, July 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $98.50.

A number of institutional investors have recently added to or reduced their stakes in MMC. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 66,176 shares during the period. Geode Capital Management LLC increased its stake in shares of Marsh & McLennan Companies by 6.6% during the fourth 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 during the period. Millennium Management LLC increased its stake in shares of Marsh & McLennan Companies by 349.6% during the fourth 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 during the period. USS Investment Management Ltd increased 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 worth $204,546,000 after acquiring an additional 12,432 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in Marsh & McLennan Companies during the 1st quarter worth $359,000. 86.29% of the stock is owned by institutional investors.

Shares of MMC stock traded down $2.51 during trading hours on Friday, reaching $95.66. 1,089,579 shares of the stock were exchanged, compared to its average volume of 1,562,966. Marsh & McLennan Companies has a 12-month low of $74.30 and a 12-month high of $103.36. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37. The company’s 50-day moving average price is $100.11 and its 200-day moving average price is $95.87. The firm has a market capitalization of $49.70 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.75 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.

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

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