$1.89 Billion in Sales Expected for Arthur J Gallagher & Co (NYSE:AJG) This Quarter

Analysts expect that Arthur J Gallagher & Co (NYSE:AJG) will report $1.89 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Arthur J Gallagher & Co’s earnings. The lowest sales estimate is $1.88 billion and the highest is $1.90 billion. Arthur J Gallagher & Co reported sales of $1.78 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The company is expected to issue its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Arthur J Gallagher & Co will report full-year sales of $7.28 billion for the current fiscal year, with estimates ranging from $7.24 billion to $7.35 billion. For the next year, analysts anticipate that the company will report sales of $7.86 billion, with estimates ranging from $7.66 billion to $8.21 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Arthur J Gallagher & Co.

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

AJG has been the subject of several research reports. Barclays lifted their price objective on Arthur J Gallagher & Co from $97.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, July 1st. Wells Fargo & Co lifted their price objective on Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. SunTrust Banks lifted their price objective on Arthur J Gallagher & Co to $95.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Morgan Stanley lifted their price objective on 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. Finally, Royal Bank of Canada set a $90.00 price objective on Arthur J Gallagher & Co and gave the stock a “hold” rating in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Arthur J Gallagher & Co has an average rating of “Buy” and a consensus price target of $88.00.

In other news, insider Susan E. Pietrucha sold 1,990 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $84.29, for a total value of $167,737.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kay W. Mccurdy sold 2,250 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $92.00, for a total value of $207,000.00. Following the completion of the transaction, the director now directly owns 32,482 shares of the company’s stock, valued at $2,988,344. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,440 shares of company stock valued at $476,869. Insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AJG. Envestnet Asset Management Inc. grew its position in Arthur J Gallagher & Co by 18.1% during the second quarter. Envestnet Asset Management Inc. now owns 523,066 shares of the financial services provider’s stock valued at $45,815,000 after acquiring an additional 80,246 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Arthur J Gallagher & Co during the second quarter valued at about $141,000. Sigma Planning Corp grew its position in Arthur J Gallagher & Co by 16.0% during the second quarter. Sigma Planning Corp now owns 3,748 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 518 shares during the period. Barbara Oil Co. grew its position in Arthur J Gallagher & Co by 10.0% during the second quarter. Barbara Oil Co. now owns 16,500 shares of the financial services provider’s stock valued at $1,445,000 after acquiring an additional 1,500 shares during the period. Finally, Amica Retiree Medical Trust grew its position in Arthur J Gallagher & Co by 199.3% during the second quarter. Amica Retiree Medical Trust now owns 2,933 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 1,953 shares during the period. 80.90% of the stock is owned by institutional investors.

AJG stock traded up $0.11 during midday trading on Thursday, hitting $90.08. 955,989 shares of the stock were exchanged, compared to its average volume of 1,151,223. The stock’s 50-day moving average is $89.83. The stock has a market capitalization of $16.74 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.57 and a beta of 0.83. Arthur J Gallagher & Co has a fifty-two week low of $68.19 and a fifty-two week high of $92.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.12 and a current ratio of 1.07.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.91%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 49.86%.

About Arthur J Gallagher & Co

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.

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

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