Zacks: Brokerages Anticipate Arthur J Gallagher & Co (AJG) to Post $0.75 Earnings Per Share

Wall Street brokerages expect Arthur J Gallagher & Co (NYSE:AJG) to report $0.75 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Arthur J Gallagher & Co’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.71. Arthur J Gallagher & Co posted earnings of $0.66 per share during the same quarter last year, which suggests a positive year over year growth rate of 13.6%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, January 25th.

On average, 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 $2.95 to $3.03. For the next fiscal year, analysts expect that the company will post earnings of $3.37 per share, with EPS estimates ranging from $3.24 to $3.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Arthur J Gallagher & Co.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 earnings per share.

AJG has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Deutsche Bank cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research note on Wednesday, October 4th. 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 note on Tuesday, October 10th. Barclays increased their price objective on shares of Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Finally, Credit Suisse Group increased their price objective on shares of Arthur J Gallagher & Co from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.22.

Shares of Arthur J Gallagher & Co (AJG) traded up $0.26 during midday trading on Friday, hitting $64.29. 1,098,009 shares of the stock were exchanged, compared to its average volume of 653,387. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $11,623.57, a PE ratio of 25.72, a PEG ratio of 1.72 and a beta of 1.23. Arthur J Gallagher & Co has a 1 year low of $52.57 and a 1 year high of $67.32.

In related news, Director Frank E. Jr. English sold 1,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the completion of the transaction, the director now directly owns 10,600 shares of the company’s stock, valued at $674,902. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.29, for a total transaction of $496,204.00. Following the transaction, the vice president now directly owns 25,027 shares of the company’s stock, valued at $1,634,012.83. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AJG. Invictus RG purchased a new position in Arthur J Gallagher & Co during the third quarter valued at $130,000. Eagle Boston Investment Management Inc. purchased a new position in Arthur J Gallagher & Co during the third quarter valued at $201,000. Coldstream Capital Management Inc. purchased a new position in Arthur J Gallagher & Co during the second quarter valued at $202,000. Doyle Wealth Management purchased a new position in Arthur J Gallagher & Co during the third quarter valued at $203,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new position in Arthur J Gallagher & Co during the third quarter valued at $218,000. 82.52% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.dispatchtribunal.com/2018/02/13/zacks-brokerages-anticipate-arthur-j-gallagher-co-ajg-to-post-0-75-earnings-per-share.html.

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.

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.

Leave a Reply