Wall Street analysts expect Marsh & McLennan Companies, Inc. (NYSE:MMC) to post earnings per share (EPS) of $0.74 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Marsh & McLennan Companies’ earnings, with estimates ranging from $0.70 to $0.78. Marsh & McLennan Companies reported earnings of $0.79 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that Marsh & McLennan Companies will report full year earnings of $4.30 per share for the current year, with EPS estimates ranging from $4.25 to $4.37. For the next financial year, analysts forecast that the company will report earnings of $4.69 per share, with EPS estimates ranging from $4.50 to $4.80. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 26th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Marsh & McLennan Companies had a net margin of 11.13% and a return on equity of 29.26%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS.

A number of brokerages have recently weighed in on MMC. Credit Suisse Group began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, August 7th. They set a “neutral” rating and a $86.00 target price on the stock. Citigroup lifted their target price on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, July 12th. Bank of America lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and cut their target price for the company from $94.00 to $93.00 in a research note on Thursday, July 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a $90.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, July 27th. Finally, Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $91.45.

Shares of MMC traded up $0.87 during trading hours on Tuesday, reaching $85.94. 2,698,669 shares of the company traded hands, compared to its average volume of 1,662,118. The firm has a market capitalization of $43.40 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.60 and a beta of 0.94. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.75. Marsh & McLennan Companies has a 12 month low of $78.60 and a 12 month high of $87.89.

In related news, SVP E Scott Gilbert sold 80,646 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following the completion of the transaction, the senior vice president now directly owns 123,843 shares of the company’s stock, valued at approximately $10,482,071.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.16% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Segment Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 1.1% in the second quarter. Segment Wealth Management LLC now owns 53,334 shares of the financial services provider’s stock worth $4,372,000 after buying an additional 584 shares during the last quarter. Parallel Advisors LLC raised its holdings in Marsh & McLennan Companies by 13.6% in the second quarter. Parallel Advisors LLC now owns 4,983 shares of the financial services provider’s stock worth $408,000 after buying an additional 597 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its holdings in Marsh & McLennan Companies by 1.8% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 37,248 shares of the financial services provider’s stock worth $3,053,000 after buying an additional 670 shares during the last quarter. Robecosam AG raised its holdings in Marsh & McLennan Companies by 29.2% in the first quarter. Robecosam AG now owns 3,100 shares of the financial services provider’s stock worth $256,000 after buying an additional 700 shares during the last quarter. Finally, Brinker Capital Inc. raised its holdings in Marsh & McLennan Companies by 0.9% in the first quarter. Brinker Capital Inc. now owns 76,236 shares of the financial services provider’s stock worth $6,296,000 after buying an additional 717 shares during the last quarter. 85.90% of the stock is owned by institutional investors.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.

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

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