Zacks: Analysts Anticipate Arthur J Gallagher & Co (NYSE:AJG) Will Announce Earnings of $0.80 Per Share

Share on StockTwits

Equities analysts predict that Arthur J Gallagher & Co (NYSE:AJG) will post $0.80 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Arthur J Gallagher & Co’s earnings. The lowest EPS estimate is $0.77 and the highest is $0.83. Arthur J Gallagher & Co posted earnings per share of $0.78 in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The firm is expected to issue its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Arthur J Gallagher & Co will report full-year earnings of $3.64 per share for the current year, with EPS estimates ranging from $3.59 to $3.70. For the next year, analysts forecast that the business will report earnings of $4.18 per share, with EPS estimates ranging from $4.05 to $4.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Arthur J Gallagher & Co had a net margin of 9.77% and a return on equity of 14.19%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share.

A number of research analysts have issued reports on AJG shares. Morgan Stanley raised their price target on shares of Arthur J Gallagher & Co from $77.00 to $81.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $93.00 price target (up previously from $88.00) on shares of Arthur J Gallagher & Co in a report on Wednesday, August 7th. Royal Bank of Canada set a $90.00 price target on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a report on Friday, July 26th. Barclays set a $107.00 price target on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Wells Fargo & Co raised their price target on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $90.00.

Shares of NYSE AJG traded up $0.90 during midday trading on Wednesday, reaching $90.46. The company had a trading volume of 472,985 shares, compared to its average volume of 1,023,842. The business’s 50-day simple moving average is $90.72 and its 200 day simple moving average is $84.13. The stock has a market cap of $16.69 billion, a P/E ratio of 26.22, a P/E/G ratio of 2.56 and a beta of 0.83. Arthur J Gallagher & Co has a 1 year low of $68.19 and a 1 year high of $92.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.77.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.72 annualized dividend and a dividend yield of 1.90%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

In related news, Director Kay W. Mccurdy sold 2,250 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $92.00, for a total transaction of $207,000.00. Following the completion of the transaction, the director now owns 32,482 shares of the company’s stock, valued at $2,988,344. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Susan E. Pietrucha sold 1,990 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was 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. In the last three months, insiders have sold 7,690 shares of company stock valued at $681,259. 1.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Advisor Partners LLC grew its position in Arthur J Gallagher & Co by 3.0% during the second quarter. Advisor Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $325,000 after buying an additional 109 shares during the period. Commonwealth Bank of Australia grew its position in Arthur J Gallagher & Co by 35.6% during the second quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock valued at $40,000 after buying an additional 126 shares during the period. Securian Asset Management Inc grew its position in Arthur J Gallagher & Co by 0.7% during the first quarter. Securian Asset Management Inc now owns 18,970 shares of the financial services provider’s stock valued at $1,482,000 after buying an additional 137 shares during the period. Hanseatic Management Services Inc. grew its position in Arthur J Gallagher & Co by 6.9% during the second quarter. Hanseatic Management Services Inc. now owns 2,124 shares of the financial services provider’s stock valued at $186,000 after buying an additional 138 shares during the period. Finally, HBK Sorce Advisory LLC grew its position in Arthur J Gallagher & Co by 4.6% during the second quarter. HBK Sorce Advisory LLC now owns 3,125 shares of the financial services provider’s stock valued at $274,000 after buying an additional 138 shares during the period. 82.46% of the stock is 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.

See Also: Do investors pay a separate front-end load every time they buy additional shares?

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

Armada Hoffler Properties  & Nam Tai Property  Head-To-Head Review
Armada Hoffler Properties & Nam Tai Property Head-To-Head Review
Critical Comparison: Taro Pharmaceutical Industries  and Genmab A/S
Critical Comparison: Taro Pharmaceutical Industries and Genmab A/S
Critical Comparison: Jerash Holdings   versus Its Rivals
Critical Comparison: Jerash Holdings versus Its Rivals
Comparing Symantec  & Tyler Technologies
Comparing Symantec & Tyler Technologies
LegacyTexas Financial Group  Raised to Buy at BidaskClub
LegacyTexas Financial Group Raised to Buy at BidaskClub
Adverum Biotechnologies  PT Lowered to $8.00 at SunTrust Banks
Adverum Biotechnologies PT Lowered to $8.00 at SunTrust Banks


 
© 2006-2019 Zolmax.