Marsh & McLennan Companies, Inc. (NYSE:MMC) Expected to Announce Earnings of $2.13 Per Share

Equities analysts expect Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) to report earnings of $2.13 per share for the current quarter, according to Zacks. Five analysts have made estimates for Marsh & McLennan Companies’ earnings. The lowest EPS estimate is $2.08 and the highest is $2.19. Marsh & McLennan Companies reported earnings of $1.99 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Marsh & McLennan Companies will report full year earnings of $6.69 per share for the current year, with EPS estimates ranging from $6.56 to $6.90. For the next year, analysts expect that the business will post earnings of $7.40 per share, with EPS estimates ranging from $7.10 to $7.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last issued its earnings results on Thursday, January 27th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.02. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.93 billion. Marsh & McLennan Companies had a net margin of 15.86% and a return on equity of 30.91%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned $1.19 earnings per share.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $161.00 price objective on the stock. in a research report on Tuesday, February 1st. Morgan Stanley boosted their price objective on shares of Marsh & McLennan Companies from $167.00 to $178.00 and gave the company an “equal weight” rating in a research report on Thursday. Royal Bank of Canada dropped their target price on shares of Marsh & McLennan Companies from $183.00 to $170.00 in a research report on Friday, January 28th. Bank of America cut shares of Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and set a $168.00 price target on the stock. in a research report on Monday, January 3rd. Finally, StockNews.com lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $159.77.

In related news, SVP Paul Beswick sold 1,791 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $171.21, for a total value of $306,637.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Martine Ferland sold 4,797 shares of the stock in a transaction on Friday, March 18th. The shares were sold at an average price of $158.28, for a total value of $759,269.16. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MMC. AXS Investments LLC bought a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $511,000. Illinois Municipal Retirement Fund boosted its stake in shares of Marsh & McLennan Companies by 7.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 14,539 shares of the financial services provider’s stock worth $2,202,000 after buying an additional 1,026 shares during the last quarter. Signaturefd LLC increased its position in Marsh & McLennan Companies by 5.4% during the third quarter. Signaturefd LLC now owns 6,253 shares of the financial services provider’s stock valued at $947,000 after acquiring an additional 319 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Marsh & McLennan Companies by 58.2% in the third quarter. Vontobel Holding Ltd. now owns 11,547 shares of the financial services provider’s stock valued at $1,748,000 after acquiring an additional 4,250 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Marsh & McLennan Companies by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 68,537 shares of the financial services provider’s stock worth $10,378,000 after purchasing an additional 906 shares during the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

Shares of NYSE:MMC opened at $169.76 on Monday. The stock’s 50-day moving average is $159.93 and its 200 day moving average is $162.68. The company has a market cap of $85.34 billion, a PE ratio of 27.69, a P/E/G ratio of 3.35 and a beta of 0.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.24 and a quick ratio of 1.24. Marsh & McLennan Companies has a 1 year low of $124.62 and a 1 year high of $175.12.

Marsh & McLennan Companies announced that its board has approved a stock buyback program on Wednesday, March 23rd that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Wednesday, April 6th will be paid a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, April 5th. This represents a $2.14 annualized dividend and a dividend yield of 1.26%. Marsh & McLennan Companies’s payout ratio is currently 34.91%.

About Marsh & McLennan Companies (Get Rating)

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 and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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