Zacks: Analysts Expect Arthur J. Gallagher & Co. (AJG) to Announce $0.74 Earnings Per Share

Wall Street brokerages expect that Arthur J. Gallagher & Co. (NYSE:AJG) will post $0.74 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Arthur J. Gallagher & Co.’s earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.77. Arthur J. Gallagher & Co. posted earnings of $0.66 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Arthur J. Gallagher & Co. will report full year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $3.03. For the next financial year, analysts forecast that the business will report earnings of $3.31 per share, with EPS estimates ranging from $3.21 to $3.42. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Arthur J. Gallagher & Co..

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS.

AJG has been the subject of several research reports. Barclays boosted their price objective on shares of Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Friday, August 18th. ValuEngine cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $59.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $64.38.

Arthur J. Gallagher & Co. (AJG) traded up $0.01 during trading on Friday, reaching $65.83. 918,405 shares of the company’s stock traded hands, compared to its average volume of 866,558. The stock has a market cap of $12,037.60, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08. Arthur J. Gallagher & Co. has a 12 month low of $49.66 and a 12 month high of $67.32.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.39 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.56 annualized dividend and a dividend yield of 2.37%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.40%.

In other news, Director Frank E. Jr. English sold 1,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $63.67, for a total value of $95,505.00. Following the completion of the sale, the director now owns 10,600 shares in the company, valued at approximately $674,902. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas K. Howell sold 9,967 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $59.98, for a total transaction of $597,820.66. Following the completion of the sale, the chief financial officer now owns 47,767 shares of the company’s stock, valued at approximately $2,865,064.66. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several large investors have recently bought and sold shares of AJG. Creative Planning raised its holdings in shares of Arthur J. Gallagher & Co. by 59.6% in the 2nd quarter. Creative Planning now owns 4,106 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 1,534 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Arthur J. Gallagher & Co. by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock valued at $635,000 after purchasing an additional 100 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Arthur J. Gallagher & Co. by 8.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 7,088 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 555 shares in the last quarter. Rothschild Asset Management Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 2.7% in the 2nd quarter. Rothschild Asset Management Inc. now owns 8,099 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 216 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Arthur J. Gallagher & Co. by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 20,465 shares of the financial services provider’s stock valued at $1,172,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.

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Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

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Earnings History and Estimates for Arthur J. Gallagher & Co. (NYSE:AJG)

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