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Marsh & McLennan Companies, Inc. (MMC - Free Report) is a dominant player of the global insurance brokerage and consulting services sector. The company’s rapid growth is mainly attributed to its aggressive mergers and acquisitions strategy aiding in expanded scale and size of its businesses across geographies, particularly in the Asia-Pacific, Africa and Latin America.
The ongoing economic recovery has been complementing well with the company’s high-standard products and services, thereby supporting client retention. Marsh & McLennan’s is always on foot when it comes to acquiring new businesses. Its strategic acquisitions and well-executed restructuring initiatives have generated new clients, triggering growth.
The company has been able to maintain its bottomline growth via its strong capital management. Its consistent cash flow generation has also facilitated effective capital deployment, reflected by share buybacks and dividend hikes.
Currently, Marsh & McLennan has a Zacks Rank #3 (Hold), but that could definitely change following its earnings report that has just been released. The key takeaways from this immediate announcement are highlighted below:
Earnings: Marsh & McLennan earnings was in line with our estimates. The company reported earnings per share of 91 cents per share.
Revenue: Revenues of $3.4 billion beating the Zacks Consensus Estimate of $3.3 billion.
Key Stats to Note: Total operating expenses of $2.7 billion was up nearly 2.1% year over year. Adjusted operating margin expanded 190 basis points year over year to 21.8%.
Marsh & McLennan bought back 3.5 million shares for $225 million during the quarter.
Check back later for our full write up on this MMC earnings report later!
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Marsh & McLennan (MMC) Q2 Earnings Line, Revenues Beat
Marsh & McLennan Companies, Inc. (MMC - Free Report) is a dominant player of the global insurance brokerage and consulting services sector. The company’s rapid growth is mainly attributed to its aggressive mergers and acquisitions strategy aiding in expanded scale and size of its businesses across geographies, particularly in the Asia-Pacific, Africa and Latin America.
The ongoing economic recovery has been complementing well with the company’s high-standard products and services, thereby supporting client retention. Marsh & McLennan’s is always on foot when it comes to acquiring new businesses. Its strategic acquisitions and well-executed restructuring initiatives have generated new clients, triggering growth.
The company has been able to maintain its bottomline growth via its strong capital management. Its consistent cash flow generation has also facilitated effective capital deployment, reflected by share buybacks and dividend hikes.
Currently, Marsh & McLennan has a Zacks Rank #3 (Hold), but that could definitely change following its earnings report that has just been released. The key takeaways from this immediate announcement are highlighted below:
Earnings: Marsh & McLennan earnings was in line with our estimates. The company reported earnings per share of 91 cents per share.
MARSH &MCLENNAN Price and EPS Surprise
MARSH &MCLENNAN Price and EPS Surprise | MARSH &MCLENNAN Quote
Revenue: Revenues of $3.4 billion beating the Zacks Consensus Estimate of $3.3 billion.
Key Stats to Note: Total operating expenses of $2.7 billion was up nearly 2.1% year over year. Adjusted operating margin expanded 190 basis points year over year to 21.8%.
Marsh & McLennan bought back 3.5 million shares for $225 million during the quarter.
Check back later for our full write up on this MMC earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>