Zacks: Brokerages Expect Arthur J Gallagher & Co (NYSE:AJG) to Announce $0.80 EPS

Wall Street brokerages predict that Arthur J Gallagher & Co (NYSE:AJG) will report $0.80 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Arthur J Gallagher & Co’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.77. Arthur J Gallagher & Co reported earnings per share of $0.78 during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The business 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 fiscal year, with EPS estimates ranging from $3.59 to $3.70. For the next year, analysts anticipate that the company will report earnings of $4.18 per share, with EPS estimates ranging from $4.05 to $4.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow 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 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. Arthur J Gallagher & Co had a net margin of 9.77% and a return on equity of 14.19%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the company posted $0.62 EPS. Arthur J Gallagher & Co’s revenue was up 1.4% on a year-over-year basis.

Several equities analysts have recently commented on the stock. SunTrust Banks boosted their price target on shares of Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a report on Friday, April 26th. Barclays boosted their price target on shares of Arthur J Gallagher & Co from $97.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, July 1st. Royal Bank of Canada set a $90.00 price target on shares of Arthur J Gallagher & Co and gave the company a “hold” rating in a report on Friday, July 26th. Morgan Stanley boosted their price target on shares of Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. Finally, Wells Fargo & Co boosted their price target on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $88.00.

Shares of Arthur J Gallagher & Co stock traded up $2.11 on Tuesday, hitting $88.56. 1,103,500 shares of the company traded hands, compared to its average volume of 1,046,617. The stock’s 50-day moving average is $89.95. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.07 and a current ratio of 1.07. Arthur J Gallagher & Co has a 12-month low of $68.19 and a 12-month high of $92.74. The company has a market cap of $16.09 billion, a P/E ratio of 25.67, a PEG ratio of 2.57 and a beta of 0.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, September 5th. Arthur J Gallagher & Co’s payout ratio is presently 49.86%.

In other Arthur J Gallagher & Co news, Director Kay W. Mccurdy sold 2,250 shares of the business’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 approximately $2,988,344. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $167,737.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,440 shares of company stock valued at $476,869. 1.30% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Eastern Bank lifted its position in Arthur J Gallagher & Co by 0.8% during the 2nd quarter. Eastern Bank now owns 30,068 shares of the financial services provider’s stock worth $2,634,000 after acquiring an additional 243 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Arthur J Gallagher & Co by 0.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 35,569 shares of the financial services provider’s stock worth $3,115,000 after acquiring an additional 288 shares during the last quarter. Cox Capital Mgt LLC lifted its position in Arthur J Gallagher & Co by 2.7% during the 2nd quarter. Cox Capital Mgt LLC now owns 19,329 shares of the financial services provider’s stock worth $1,693,000 after acquiring an additional 503 shares during the last quarter. KAMES CAPITAL plc lifted its position in Arthur J Gallagher & Co by 24.8% during the 2nd quarter. KAMES CAPITAL plc now owns 19,771 shares of the financial services provider’s stock worth $1,731,000 after acquiring an additional 3,931 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its position in Arthur J Gallagher & Co by 130.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,111 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 1,196 shares during the last quarter. 80.64% of the stock is owned by hedge funds and other institutional investors.

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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