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Marsh & McLennan (MMC) Q4 Earnings Beat, Revenues in Line
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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.
The ongoing economic recovery has been complementing well with the company’s high-standard products and services, thereby supporting client retention. The increasing interest rate environment going forward also bodes well for the company.
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 bottom-line growth via its strong capital management. Its consistent cash flow generation has also facilitated effective capital deployment, reflected by share buybacks and dividend hikes.
The key takeaways from this immediate announcement are highlighted below:
Earnings: Marsh & McLennan earnings beat our estimates. The company reported earnings per share of 89 cents per share ahead of the Zacks Consensus Estimate of 84 cents per share and grew 25% year over year.
Revenue: Revenues of $3.4 billion came in line with the Zacks Consensus and was up 1% year over year.
Marsh & McLennan Companies, Inc. Price and EPS Surprise
Key Stats to Note: Total operating expenses of $2.73 billion was down 0.5% year over year.
Marsh & McLennan bought back 2.6 million shares for $175 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) Q4 Earnings Beat, Revenues in Line
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.
The ongoing economic recovery has been complementing well with the company’s high-standard products and services, thereby supporting client retention. The increasing interest rate environment going forward also bodes well for the company.
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 bottom-line 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.You can see the complete list of today’s Zacks #1 Rank stocks here.
The key takeaways from this immediate announcement are highlighted below:
Earnings: Marsh & McLennan earnings beat our estimates. The company reported earnings per share of 89 cents per share ahead of the Zacks Consensus Estimate of 84 cents per share and grew 25% year over year.
Revenue: Revenues of $3.4 billion came in line with the Zacks Consensus and was up 1% year over year.
Marsh & McLennan Companies, Inc. Price and EPS Surprise
Marsh & McLennan Companies, Inc. Price and EPS Surprise | Marsh & McLennan Companies, Inc. Quote
Key Stats to Note: Total operating expenses of $2.73 billion was down 0.5% year over year.
Marsh & McLennan bought back 2.6 million shares for $175 million during the quarter.
Check back later for our full write up on this MMC earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>