Brokerages expect Arthur J Gallagher & Co (NYSE:AJG) to post $0.68 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Arthur J Gallagher & Co’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.79. Arthur J Gallagher & Co posted earnings of $0.65 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.6%. The company is expected to announce its next earnings results on Thursday, July 23rd.
On average, analysts expect that Arthur J Gallagher & Co will report full-year earnings of $3.93 per share for the current financial year, with EPS estimates ranging from $3.80 to $4.21. For the next year, analysts forecast that the company will report earnings of $4.19 per share, with EPS estimates ranging from $3.99 to $4.38. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Arthur J Gallagher & Co.
Arthur J Gallagher & Co (NYSE:AJG) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.10. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $2.04 billion. Arthur J Gallagher & Co had a net margin of 9.63% and a return on equity of 15.29%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 EPS.
Several research firms recently issued reports on AJG. Deutsche Bank dropped their price target on shares of Arthur J Gallagher & Co from $92.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. Morgan Stanley boosted their target price on shares of Arthur J Gallagher & Co from $87.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Cfra boosted their target price on shares of Arthur J Gallagher & Co from $82.00 to $97.00 and gave the stock a “hold” rating in a research report on Wednesday. Wells Fargo & Co dropped their target price on shares of Arthur J Gallagher & Co from $112.00 to $101.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Finally, Keefe, Bruyette & Woods raised shares of Arthur J Gallagher & Co from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $107.00 to $110.00 in a research report on Monday, March 16th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $100.30.
Shares of NYSE:AJG traded up $0.10 during midday trading on Friday, hitting $91.10. 900,224 shares of the company’s stock traded hands, compared to its average volume of 1,443,966. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $17.26 billion, a PE ratio of 25.73, a P/E/G ratio of 2.13 and a beta of 0.69. The firm’s fifty day moving average price is $82.46 and its two-hundred day moving average price is $91.82. Arthur J Gallagher & Co has a twelve month low of $65.09 and a twelve month high of $109.46.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, June 4th. Arthur J Gallagher & Co’s dividend payout ratio is presently 49.32%.
In related news, VP Scott R. Hudson sold 15,100 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $103.11, for a total transaction of $1,556,961.00. Following the completion of the sale, the vice president now owns 40,082 shares of the company’s stock, valued at approximately $4,132,855.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Solstein Capital LLC bought a new stake in shares of Arthur J Gallagher & Co during the 4th quarter valued at about $26,000. Ellevest Inc. grew its position in shares of Arthur J Gallagher & Co by 115.6% during the 1st quarter. Ellevest Inc. now owns 332 shares of the financial services provider’s stock valued at $27,000 after buying an additional 178 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in shares of Arthur J Gallagher & Co during the 4th quarter valued at about $28,000. Ameritas Investment Company LLC acquired a new position in Arthur J Gallagher & Co during the 1st quarter valued at about $37,000. Finally, Capital Wealth Alliance LLC acquired a new position in Arthur J Gallagher & Co during the 4th quarter valued at about $51,000. 80.53% of the stock is owned by institutional investors and hedge funds.
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.
Read More: Momentum Investing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.