Wall Street brokerages expect Marsh & McLennan Companies, Inc. (NYSE:MMC) to announce $3.33 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Marsh & McLennan Companies’ earnings, with the highest sales estimate coming in at $3.35 billion and the lowest estimate coming in at $3.29 billion. Marsh & McLennan Companies posted sales of $3.14 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The firm is expected to report its next quarterly earnings report on Tuesday, October 24th.

On average, analysts expect that Marsh & McLennan Companies will report full year sales of $3.33 billion for the current financial year, with estimates ranging from $13.80 billion to $13.98 billion. For the next financial year, analysts expect that the business will report sales of $14.56 billion per share, with estimates ranging from $14.34 billion to $14.74 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share.

A number of research analysts have recently weighed in on MMC shares. Royal Bank Of Canada reiterated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 28th. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a report on Friday, June 9th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Tuesday, June 27th. Finally, Citigroup Inc. lifted their price target on Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $81.56.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.31, for a total value of $2,319,300.00. Following the transaction, the senior vice president now owns 68,427 shares in the company, valued at $5,290,091.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.46% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MMC. Carroll Financial Associates Inc. grew its stake in Marsh & McLennan Companies by 21.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 233 shares in the last quarter. Tompkins Financial Corp grew its stake in Marsh & McLennan Companies by 10.9% in the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 135 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at about $109,000. Grove Bank & Trust grew its stake in Marsh & McLennan Companies by 5.6% in the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 85 shares in the last quarter. Finally, CWM LLC grew its stake in Marsh & McLennan Companies by 0.7% in the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

Marsh & McLennan Companies (NYSE MMC) traded up 0.15% during mid-day trading on Friday, hitting $81.32. The company had a trading volume of 3,359,437 shares. The company’s 50 day moving average price is $78.45 and its 200-day moving average price is $76.45. Marsh & McLennan Companies has a one year low of $62.33 and a one year high of $82.86. The company has a market cap of $41.68 billion, a PE ratio of 22.47 and a beta of 0.98.

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Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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

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