Arthur J. Gallagher & Co. (AJG) Expected to Announce Quarterly Sales of $1.48 Billion

Brokerages expect Arthur J. Gallagher & Co. (NYSE:AJG) to post sales of $1.48 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Arthur J. Gallagher & Co.’s earnings, with the highest sales estimate coming in at $1.50 billion and the lowest estimate coming in at $1.47 billion. Arthur J. Gallagher & Co. reported sales of $1.39 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The firm is expected to report its next earnings report on Thursday, January 25th.

On average, analysts expect that Arthur J. Gallagher & Co. will report full year sales of $1.48 billion for the current financial year, with estimates ranging from $6.03 billion to $6.08 billion. For the next financial year, analysts forecast that the company will post sales of $6.43 billion per share, with estimates ranging from $6.21 billion to $6.61 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Arthur J. Gallagher & Co..

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the business earned $0.77 EPS. Arthur J. Gallagher & Co.’s revenue was up 6.9% compared to the same quarter last year.

A number of research analysts recently weighed in on AJG shares. Barclays lifted their price objective on shares of Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, August 18th. Wells Fargo & Company reiterated a “buy” rating and issued a $66.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Sunday, September 17th. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Deutsche Bank lowered 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. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $64.38.

In other news, CFO Douglas K. Howell sold 9,967 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $59.98, for a total transaction of $597,820.66. Following the completion of the transaction, the chief financial officer now directly owns 47,767 shares in the company, valued at approximately $2,865,064.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 1,500 shares of the business’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 transaction, the director now owns 10,600 shares of the company’s stock, valued at $674,902. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invictus RG purchased a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $130,000. Eagle Boston Investment Management Inc. purchased a new position in Arthur J. Gallagher & Co. in the third quarter worth $201,000. Doyle Wealth Management purchased a new position in Arthur J. Gallagher & Co. in the third quarter worth $203,000. Pacer Advisors Inc. grew its position in Arthur J. Gallagher & Co. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 261 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Arthur J. Gallagher & Co. in the second quarter worth $202,000. Hedge funds and other institutional investors own 82.55% of the company’s stock.

Arthur J. Gallagher & Co. (AJG) traded up $0.01 during trading on Friday, reaching $65.83. 918,405 shares of the company were exchanged, compared to its average volume of 866,558. Arthur J. Gallagher & Co. has a fifty-two week low of $49.66 and a fifty-two week high of $67.32. The stock has a market cap of $12,037.60, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.37%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.40%.

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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.

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

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