Wall Street analysts forecast that Marsh & McLennan Companies, Inc. (NYSE:MMC) will report $3.33 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Marsh & McLennan Companies’ earnings, with the lowest sales estimate coming in at $3.29 billion and the highest estimate coming in at $3.35 billion. Marsh & McLennan Companies reported sales of $3.14 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 26th.

On average, analysts expect that Marsh & McLennan Companies will report full-year sales of $3.33 billion for the current year, with estimates ranging from $13.80 billion to $13.98 billion. For the next year, analysts expect that the firm will report sales of $14.56 billion per share, with estimates ranging from $14.34 billion to $14.74 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. Marsh & McLennan Companies’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS.

Several research firms have recently commented on MMC. Royal Bank Of Canada restated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a research report on Tuesday. Deutsche Bank AG lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target for the company. in a research report on Wednesday. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of Marsh & McLennan Companies in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $81.52.

In other news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the sale, the senior vice president now owns 68,427 shares in the company, valued at $5,290,091.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.46% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC increased its position in shares of Marsh & McLennan Companies by 0.7% during the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 13 shares in the last quarter. IFP Advisors Inc increased its position in shares of Marsh & McLennan Companies by 0.3% during the second quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 18 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of Marsh & McLennan Companies by 0.4% during the second quarter. Wetherby Asset Management Inc. now owns 5,038 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 19 shares in the last quarter. United Capital Financial Advisers LLC increased its position in shares of Marsh & McLennan Companies by 0.3% during the first quarter. United Capital Financial Advisers LLC now owns 8,519 shares of the financial services provider’s stock worth $629,000 after purchasing an additional 22 shares in the last quarter. Finally, Guardian Life Insurance Co. of America increased its position in shares of Marsh & McLennan Companies by 1.8% during the first quarter. Guardian Life Insurance Co. of America now owns 1,989 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Shares of Marsh & McLennan Companies (MMC) opened at 83.26 on Thursday. Marsh & McLennan Companies has a 12 month low of $62.33 and a 12 month high of $84.52. The company has a market capitalization of $42.67 billion, a price-to-earnings ratio of 23.01 and a beta of 1.01. The firm’s 50-day moving average price is $80.38 and its 200-day moving average price is $77.32.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.44%.

COPYRIGHT VIOLATION WARNING: “$3.33 Billion in Sales Expected for Marsh & McLennan Companies, Inc. (MMC) This Quarter” was originally posted by Marea Informative and is owned by of Marea Informative. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at http://www.mareainformativa.com/3-33-billion-in-sales-expected-for-marsh-mclennan-companies-inc-mmc-this-quarter/116496/.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

Get a free copy of the Zacks research report on Marsh & McLennan Companies (MMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for Marsh & McLennan Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies Inc. and related stocks with our FREE daily email newsletter.