Arthur J. Gallagher & Co. (AJG) to Release Quarterly Earnings on Wednesday
Arthur J. Gallagher & Co. (NYSE:AJG) is scheduled to issue its Q413 quarterly earnings data on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $806.32 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.05. The company had revenue of $835.80 million for the quarter, compared to the consensus estimate of $744.50 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. On average, analysts expect Arthur J. Gallagher & Co. to post $2.15 EPS for the current fiscal year and $2.55 EPS for the next fiscal year.
Arthur J. Gallagher & Co. (NYSE:AJG) opened at 46.46 on Tuesday. Arthur J. Gallagher & Co. has a one year low of $35.69 and a one year high of $49.46. The stock has a 50-day moving average of $47.00 and a 200-day moving average of $45.5. The company has a market cap of $6.111 billion and a P/E ratio of 25.13.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be paid a dividend of 0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, February 28th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.35.
A number of research firms have recently commented on AJG. Analysts at Barclays upgraded shares of Arthur J. Gallagher & Co. from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, January 7th. They now have a $54.00 price target on the stock, up previously from $48.00. Finally, analysts at Deutsche Bank raised their price target on shares of Arthur J. Gallagher & Co. from $44.00 to $47.00 in a research note to investors on Thursday, November 7th. They now have a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $48.11.
Arthur J. Gallagher & Co, along with its subsidiaries, provides insurance brokerage and third-party claims settlement and administration services to entities in the United States and abroad.
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