Marsh & McLennan Companies (NYSE:MMC) Issues Earnings Results, Beats Expectations By $0.05 EPS

Marsh & McLennan Companies (NYSE:MMC) announced its quarterly earnings data on Tuesday. The financial services provider reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.05, reports. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share.

MMC traded down $1.65 during midday trading on Wednesday, reaching $98.80. 2,830,908 shares of the company were exchanged, compared to its average volume of 1,726,081. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies has a one year low of $74.30 and a one year high of $103.36. The firm has a market cap of $50.51 billion, a PE ratio of 22.71, a P/E/G ratio of 1.84 and a beta of 0.78. The company’s 50-day simple moving average is $100.47.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be issued a dividend of $0.455 per share. The ex-dividend date is Wednesday, July 10th. This represents a $1.82 dividend on an annualized basis and a yield of 1.84%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.84%.

A number of brokerages recently commented on MMC. Keefe, Bruyette & Woods lowered Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $100.00 to $99.00 in a research report on Wednesday, June 12th. Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Zacks Investment Research lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price objective for the company. in a research report on Monday, July 1st. UBS Group lifted their price objective on Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, Goldman Sachs Group began coverage on Marsh & McLennan Companies in a research report on Monday, April 8th. They issued a “neutral” rating and a $98.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $97.30.

Marsh & McLennan Companies Company Profile

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 for Marsh & McLennan Companies (NYSE:MMC)

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