$0.95 EPS Expected for Marsh & McLennan Companies, Inc. (MMC) This Quarter

Equities analysts expect that Marsh & McLennan Companies, Inc. (NYSE:MMC) will post earnings of $0.95 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Marsh & McLennan Companies’ earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $0.97. Marsh & McLennan Companies reported earnings of $0.89 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The firm is expected to report its next earnings results on Thursday, February 1st.

On average, analysts expect that Marsh & McLennan Companies will report full year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.79 to $3.84. For the next financial year, analysts expect that the company will post earnings of $4.15 per share, with EPS estimates ranging from $4.10 to $4.22. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the firm posted $0.69 EPS. Marsh & McLennan Companies’s revenue was up 6.6% compared to the same quarter last year.

Several analysts recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Monday, December 4th. They issued a “neutral” rating and a $88.00 price target for the company. UBS Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. Royal Bank of Canada reissued a “buy” rating and issued a $85.00 price target on shares of Marsh & McLennan Companies in a research report on Tuesday, October 3rd. Wells Fargo & Co set a $91.00 price target on shares of Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Deutsche Bank downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target for the company. in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $86.00.

Marsh & McLennan Companies (NYSE:MMC) traded up $1.05 during midday trading on Wednesday, reaching $81.45. 2,025,240 shares of the company traded hands, compared to its average volume of 2,476,150. Marsh & McLennan Companies has a twelve month low of $66.75 and a twelve month high of $86.54. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.77. The firm has a market cap of $41,540.00, a P/E ratio of 22.32, a P/E/G ratio of 1.59 and a beta of 1.01.

In other Marsh & McLennan Companies news, insider Daniel S. Glaser sold 618,557 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the transaction, the insider now directly owns 279,367 shares of the company’s stock, valued at approximately $23,131,587.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc D. Oken acquired 1,235 shares of the business’s stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $80.89 per share, for a total transaction of $99,899.15. Following the completion of the acquisition, the director now directly owns 40,120 shares in the company, valued at $3,245,306.80. The disclosure for this purchase can be found here. 1.46% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Invictus RG purchased a new position in Marsh & McLennan Companies during the 3rd quarter worth $106,000. Acrospire Investment Management LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth $109,000. San Francisco Sentry Investment Group CA raised its stake in shares of Marsh & McLennan Companies by 5,086.2% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,475 shares during the period. Bank of Nova Scotia Trust Co. bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $131,000. Finally, JFS Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $189,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

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About Marsh & McLennan Companies

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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