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, Briefing.com 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%.
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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