$1.15 Earnings Per Share Expected for Marsh & McLennan Companies, Inc. (NYSE:MMC) This Quarter

Analysts predict that Marsh & McLennan Companies, Inc. (NYSE:MMC) will post earnings per share of $1.15 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Marsh & McLennan Companies’ earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $1.10. Marsh & McLennan Companies reported earnings of $1.10 per share during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The firm is scheduled to issue its next earnings results on Thursday, July 25th.

On average, analysts expect that Marsh & McLennan Companies will report full-year earnings of $4.59 per share for the current fiscal year, with EPS estimates ranging from $4.49 to $4.71. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.08 per share, with EPS estimates ranging from $4.88 to $5.34. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 25th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. Marsh & McLennan Companies’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share.

MMC has been the topic of several recent analyst reports. Wells Fargo & Co reissued a “market perform” rating and issued a $95.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, April 5th. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Tuesday, March 19th. ValuEngine raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Goldman Sachs Group initiated coverage on Marsh & McLennan Companies in a research note on Monday, April 8th. They issued a “neutral” rating and a $98.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $100.00 to $99.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $94.09.

A number of institutional investors have recently bought and sold shares of the business. Braun Bostich & Associates Inc. boosted its position in Marsh & McLennan Companies by 26.3% during the 4th quarter. Braun Bostich & Associates Inc. now owns 548 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 114 shares in the last quarter. Kaizen Advisory LLC lifted its holdings in shares of Marsh & McLennan Companies by 9.2% during the fourth quarter. Kaizen Advisory LLC now owns 1,360 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 115 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Marsh & McLennan Companies by 4.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,514 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 117 shares during the last quarter. CX Institutional lifted its holdings in shares of Marsh & McLennan Companies by 1.3% during the first quarter. CX Institutional now owns 8,877 shares of the financial services provider’s stock valued at $834,000 after purchasing an additional 117 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Marsh & McLennan Companies by 3.0% during the first quarter. Global Retirement Partners LLC now owns 4,279 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 123 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

NYSE MMC opened at $98.18 on Monday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $50.20 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.81 and a beta of 0.79. Marsh & McLennan Companies has a 1 year low of $74.30 and a 1 year high of $100.20.

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 given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 1.85%. This is a boost 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 payout ratio is presently 38.16%.

About Marsh & McLennan Companies

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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