Wall Street brokerages expect Marsh & McLennan Companies, Inc. (NYSE:MMC) to announce earnings per share (EPS) of $0.70 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Marsh & McLennan Companies’ earnings, with estimates ranging from $0.65 to $0.77. Marsh & McLennan Companies reported earnings of $0.78 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.3%. The business is expected to report its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Marsh & McLennan Companies will report full year earnings of $4.62 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.71. For the next financial year, analysts forecast that the firm will post earnings of $5.11 per share, with EPS estimates ranging from $4.95 to $5.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a net margin of 9.45% and a return on equity of 29.72%. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business posted $1.10 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 16.5% compared to the same quarter last year.

A number of equities analysts have weighed in on MMC shares. Morgan Stanley raised their target price on shares of Marsh & McLennan Companies from $101.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 target price for the company. in a research note on Monday, July 1st. ValuEngine downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, UBS Group raised their target price on shares of Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $98.50.

Shares of NYSE MMC traded up $0.45 on Friday, reaching $97.66. 4,814 shares of the company’s stock traded hands, compared to its average volume of 1,601,788. Marsh & McLennan Companies has a 12 month low of $74.30 and a 12 month high of $103.36. The business’s 50 day simple moving average is $100.41 and its two-hundred day simple moving average is $95.76. The company has a market cap of $49.51 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.74 and a beta of 0.77. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.37.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fosun International Ltd bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $206,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $1,969,000. Scout Investments Inc. bought a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $93,139,000. Winslow Evans & Crocker Inc. increased its position in shares of Marsh & McLennan Companies by 7.6% during the first quarter. Winslow Evans & Crocker Inc. now owns 6,656 shares of the financial services provider’s stock valued at $626,000 after acquiring an additional 468 shares in the last quarter. Finally, Financial Counselors Inc. bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $241,000. 86.29% of the stock is owned by institutional investors.

About Marsh & McLennan Companies

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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