Marsh & McLennan Companies, Inc. (NYSE:MMC) Expected to Announce Quarterly Sales of $4.36 Billion

Wall Street brokerages forecast that Marsh & McLennan Companies, Inc. (NYSE:MMC) will report sales of $4.36 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Marsh & McLennan Companies’ earnings, with estimates ranging from $4.31 billion to $4.39 billion. Marsh & McLennan Companies posted sales of $3.97 billion in the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The business is scheduled to announce its next earnings results on Thursday, November 4th.

According to Zacks, analysts expect that Marsh & McLennan Companies will report full year sales of $19.25 billion for the current fiscal year, with estimates ranging from $19.08 billion to $19.38 billion. For the next year, analysts anticipate that the business will report sales of $20.43 billion, with estimates ranging from $20.14 billion to $20.83 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 22nd. The financial services provider reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.33. Marsh & McLennan Companies had a return on equity of 31.17% and a net margin of 13.49%. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same period last year, the business earned $1.32 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year.

Several brokerages have commented on MMC. MKM Partners lifted their price target on Marsh & McLennan Companies from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, July 23rd. Morgan Stanley lifted their price target on Marsh & McLennan Companies from $143.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday, August 16th. Bank of America raised Marsh & McLennan Companies from an “underperform” rating to a “neutral” rating and set a $150.00 price target on the stock in a research report on Friday, July 23rd. Raymond James cut Marsh & McLennan Companies from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 28th. Finally, UBS Group boosted their price objective on Marsh & McLennan Companies from $133.00 to $157.00 and gave the company a “buy” rating in a research report on Friday, July 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $143.32.

NYSE MMC traded up $1.57 during trading on Friday, hitting $159.18. The company’s stock had a trading volume of 31,298 shares, compared to its average volume of 1,808,082. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average price of $150.76 and a 200 day moving average price of $137.55. The firm has a market cap of $80.64 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.94. Marsh & McLennan Companies has a 52 week low of $102.11 and a 52 week high of $162.26.

The company also recently declared a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Thursday, July 29th were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Wednesday, July 28th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.47. Marsh & McLennan Companies’s dividend payout ratio is 43.06%.

In other news, Director Morton O. Schapiro sold 9,078 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $157.18, for a total transaction of $1,426,880.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of MMC. Sunflower Bank N.A. bought a new stake in Marsh & McLennan Companies in the second quarter valued at about $201,000. Parametric Portfolio Associates LLC increased its holdings in Marsh & McLennan Companies by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 2,055,492 shares of the financial services provider’s stock valued at $289,167,000 after purchasing an additional 67,618 shares during the last quarter. Sawtooth Solutions LLC increased its holdings in Marsh & McLennan Companies by 30.9% in the second quarter. Sawtooth Solutions LLC now owns 5,632 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 1,331 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG increased its holdings in Marsh & McLennan Companies by 2.6% in the second quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 164,110 shares of the financial services provider’s stock valued at $23,087,000 after purchasing an additional 4,155 shares during the last quarter. Finally, Accurate Wealth Management LLC bought a new stake in Marsh & McLennan Companies in the second quarter valued at about $303,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services.

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

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