Marsh & McLennan Companies, Inc. (NYSE:MMC) Expected to Announce Quarterly Sales of $4.00 Billion
Equities analysts expect that Marsh & McLennan Companies, Inc. (NYSE:MMC) will post $4.00 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Marsh & McLennan Companies’ earnings. The highest sales estimate is $4.02 billion and the lowest is $3.97 billion. Marsh & McLennan Companies reported sales of $3.50 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The firm is expected to issue its next earnings report before the market opens on Tuesday, October 29th.
According to Zacks, analysts expect that Marsh & McLennan Companies will report full year sales of $16.87 billion for the current year, with estimates ranging from $16.79 billion to $16.97 billion. For the next fiscal year, analysts expect that the company will post sales of $18.20 billion, with estimates ranging from $18.13 billion to $18.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Marsh & McLennan Companies.
Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the business earned $1.10 EPS. Marsh & McLennan Companies’s revenue was up 16.5% compared to the same quarter last year.
MMC traded down $2.39 during trading hours on Friday, reaching $95.24. 110,471 shares of the company’s stock traded hands, compared to its average volume of 1,451,750. The firm has a 50-day moving average price of $99.19 and a 200 day moving average price of $97.58. Marsh & McLennan Companies has a 52-week low of $74.30 and a 52-week high of $103.36. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $49.80 billion, a PE ratio of 22.00, a PEG ratio of 1.75 and a beta of 0.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, October 10th. Marsh & McLennan Companies’s dividend payout ratio is 41.84%.
Hedge funds have recently modified their holdings of the business. Lenox Wealth Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth $26,000. Meeder Asset Management Inc. bought a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth $30,000. Coastal Capital Group Inc. bought a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth $30,000. Capital Advisors Ltd. LLC bought a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth $31,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Marsh & McLennan Companies by 2,385.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 348 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 334 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.
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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