Marsh (NYSE:MRSH) Issues Earnings Results

Marsh (NYSE:MRSH) announced its quarterly earnings data on Thursday. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15, Briefing.com reports. The firm had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.52 billion. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $1.87 EPS.

Marsh Price Performance

Marsh stock traded down $0.92 during mid-day trading on Friday, reaching $187.00. 801,274 shares of the company were exchanged, compared to its average volume of 2,666,008. The firm has a market cap of $91.61 billion, a PE ratio of 22.18 and a beta of 0.76. Marsh has a 12 month low of $174.18 and a 12 month high of $248.00.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MRSH. Royal Bank Of Canada restated a “sector perform” rating and issued a $200.00 price target on shares of Marsh in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Marsh from $199.00 to $203.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Morgan Stanley raised their target price on shares of Marsh from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Friday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $199.33.

About Marsh

Marsh is a global insurance broker and risk advisor that helps organizations assess, manage and transfer a broad range of risks. The firm provides insurance placement and broking services for commercial and public-sector clients as well as specialty solutions for families and high-net-worth individuals. Its work focuses on identifying exposures, designing risk-transfer strategies and securing coverage from insurers and reinsurers to protect clients’ assets and operations.

Services offered by Marsh include commercial property and casualty broking, cyber and professional-liability placement, employee benefits consulting, and industry-specific specialty lines such as marine, energy and construction.