Equities analysts forecast that Arthur J. Gallagher & Co. (NYSE:AJG) will announce $1.48 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Arthur J. Gallagher & Co.’s earnings, with the lowest sales estimate coming in at $1.47 billion and the highest estimate coming in at $1.50 billion. Arthur J. Gallagher & Co. posted sales of $1.39 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The company is scheduled to report its next quarterly earnings results on Thursday, January 25th.
According to Zacks, 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 fiscal year, analysts expect that the company will report sales of $6.43 billion per share, with estimates ranging from $6.21 billion to $6.61 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for 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 for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the business posted $0.77 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 6.9% compared to the same quarter last year.
In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 3,601 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $57.78, for a total value of $208,065.78. Following the completion of the sale, the insider now owns 4,055 shares in the company, valued at $234,297.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frank E. Jr. English sold 1,500 shares of the 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 sale, the director now owns 10,600 shares of the company’s stock, valued at approximately $674,902. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,068 shares of company stock valued at $901,391. 1.60% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in AJG. Invictus RG acquired a new stake in Arthur J. Gallagher & Co. in the third quarter valued at $130,000. Pacer Advisors Inc. lifted its stake 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 valued at $197,000 after acquiring an additional 261 shares during the last quarter. Eagle Boston Investment Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth about $201,000. Coldstream Capital Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth about $202,000. Finally, Doyle Wealth Management acquired a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth about $203,000. Hedge funds and other institutional investors own 81.08% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “$1.48 Billion in Sales Expected for Arthur J. Gallagher & Co. (AJG) This Quarter” was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.themarketsdaily.com/2017/11/14/1-48-billion-in-sales-expected-for-arthur-j-gallagher-co-ajg-this-quarter.html.
Arthur J. Gallagher & Co. (NYSE AJG) opened at $63.94 on Tuesday. Arthur J. Gallagher & Co. has a twelve month low of $48.97 and a twelve month high of $64.45. The firm has a market cap of $11,585.60, a P/E ratio of 22.10, a P/E/G ratio of 2.16 and a beta of 1.22. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.40%.
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.
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.