Zacks: Analysts Anticipate Marsh & McLennan Companies, Inc. (NYSE:MMC) Will Announce Quarterly Sales of $4.32 Billion

Brokerages predict that Marsh & McLennan Companies, Inc. (NYSE:MMC) will report $4.32 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Marsh & McLennan Companies’ earnings, with estimates ranging from $4.05 billion to $4.40 billion. Marsh & McLennan Companies posted sales of $3.73 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.8%. The business is expected to announce its next earnings results before the market opens on Tuesday, July 30th.

On average, analysts expect that Marsh & McLennan Companies will report full year sales of $16.78 billion for the current year, with estimates ranging from $16.13 billion to $16.97 billion. For the next fiscal year, analysts anticipate that the business will report sales of $18.11 billion, with estimates ranging from $17.30 billion to $18.43 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Marsh & McLennan Companies.

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

MMC has been the subject of a number of research reports. Goldman Sachs Group restated a “neutral” rating and set a $393.00 target price on shares of Boeing in a report on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and set a GBX 150 ($1.96) target price on shares of in a report on Monday, June 17th. Wells Fargo & Co restated a “hold” rating on shares of AON in a report on Friday, April 5th. Zacks Investment Research cut shares of First Merchants from a “hold” rating to a “sell” rating in a report on Monday, July 1st. Finally, UBS Group raised their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $96.33.

NYSE:MMC traded up $0.90 during trading hours on Friday, reaching $102.81. 1,024,336 shares of the company’s stock were exchanged, compared to its average volume of 1,867,970. The stock has a market cap of $52.11 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.83 and a beta of 0.78. Marsh & McLennan Companies has a 12 month low of $74.30 and a 12 month high of $102.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a 50-day moving average price of $98.60.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, July 10th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. Marsh & McLennan Companies’s dividend payout ratio is 41.84%.

Several large investors have recently modified their holdings of MMC. Sontag Advisory LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $26,000. Lenox Wealth Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $26,000. Capital Financial Planning LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $29,000. Canton Hathaway LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $30,000. Finally, Thor Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 85.04% of the company’s stock.

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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