Arthur J Gallagher & Co (NYSE:AJG) Expected to Announce Quarterly Sales of $1.77 Billion

Share on StockTwits

Wall Street analysts expect Arthur J Gallagher & Co (NYSE:AJG) to report $1.77 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Arthur J Gallagher & Co’s earnings. Arthur J Gallagher & Co reported sales of $1.63 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The firm is expected to report its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Arthur J Gallagher & Co will report full-year sales of $7.38 billion for the current fiscal year, with estimates ranging from $7.31 billion to $7.51 billion. For the next fiscal year, analysts forecast that the company will report sales of $7.93 billion, with estimates ranging from $7.73 billion to $8.32 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.02. Arthur J Gallagher & Co had a net margin of 9.79% and a return on equity of 14.33%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the company earned $1.52 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year.

Several research firms recently issued reports on AJG. Wells Fargo & Co raised their target price on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Morgan Stanley raised their target price on shares of Thomson Reuters from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Barclays reissued a “buy” rating and issued a $65.00 target price on shares of Owens Corning in a research report on Monday, July 1st. Finally, SunTrust Banks raised their target price on shares of Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Arthur J Gallagher & Co has an average rating of “Buy” and a consensus target price of $86.38.

Shares of Arthur J Gallagher & Co stock traded down $0.35 during mid-day trading on Tuesday, hitting $91.03. 7,823 shares of the stock were exchanged, compared to its average volume of 889,289. Arthur J Gallagher & Co has a twelve month low of $68.10 and a twelve month high of $91.44. The company has a market cap of $16.83 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.84. The stock has a 50-day moving average of $87.17. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.74.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.72 dividend on an annualized basis and a yield of 1.89%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 49.86%.

In other Arthur J Gallagher & Co news, CAO Richard C. Cary sold 6,134 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $83.48, for a total transaction of $512,066.32. Following the transaction, the chief accounting officer now directly owns 35,193 shares of the company’s stock, valued at $2,937,911.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Susan E. Pietrucha sold 1,990 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $84.29, for a total transaction of $167,737.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,124 shares of company stock worth $848,399. 1.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in AJG. Norges Bank purchased a new stake in shares of Arthur J Gallagher & Co during the fourth quarter valued at approximately $121,988,000. Lord Abbett & CO. LLC raised its stake in shares of Arthur J Gallagher & Co by 324.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 850,699 shares of the financial services provider’s stock valued at $62,697,000 after purchasing an additional 650,199 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Arthur J Gallagher & Co by 9.4% during the first quarter. JPMorgan Chase & Co. now owns 5,536,639 shares of the financial services provider’s stock valued at $432,410,000 after purchasing an additional 475,061 shares during the period. Janus Henderson Group PLC raised its stake in shares of Arthur J Gallagher & Co by 62.4% during the first quarter. Janus Henderson Group PLC now owns 1,139,784 shares of the financial services provider’s stock valued at $89,017,000 after purchasing an additional 437,771 shares during the period. Finally, Hexavest Inc. purchased a new stake in shares of Arthur J Gallagher & Co during the first quarter valued at approximately $34,110,000. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

Further Reading: Correction

Get a free copy of the Zacks research report on Arthur J Gallagher & Co (AJG)

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

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

Receive News & Ratings for Arthur J Gallagher & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J Gallagher & Co and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

PTON  Trading 4.2% Higher  Over Last 7 Days
PTON Trading 4.2% Higher Over Last 7 Days
Emerald Crypto  Market Cap Tops $593,655.00
Emerald Crypto Market Cap Tops $593,655.00
East West Bancorp, Inc.  Expected to Announce Quarterly Sales of $424.47 Million
East West Bancorp, Inc. Expected to Announce Quarterly Sales of $424.47 Million
$123.67 Million in Sales Expected for QuinStreet Inc  This Quarter
$123.67 Million in Sales Expected for QuinStreet Inc This Quarter
Brokerages Anticipate Codexis, Inc.  Will Post Earnings of -$0.04 Per Share
Brokerages Anticipate Codexis, Inc. Will Post Earnings of -$0.04 Per Share
SPIDER VPS Price Hits $0.0816 on Major Exchanges
SPIDER VPS Price Hits $0.0816 on Major Exchanges


 
© 2006-2019 Zolmax.