Arthur J Gallagher & Co (AJG) to Release Quarterly Earnings on Thursday
Arthur J Gallagher & Co (NYSE:AJG) is scheduled to announce its earnings results after the market closes on Thursday, January 25th. Analysts expect the company to announce earnings of $0.76 per share for the quarter.
Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results 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 firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. On average, analysts expect Arthur J Gallagher & Co to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Arthur J Gallagher & Co (NYSE:AJG) opened at $64.05 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08. Arthur J Gallagher & Co has a 12 month low of $52.29 and a 12 month high of $67.32. The firm has a market cap of $11,580.00, a P/E ratio of 25.62, a PEG ratio of 1.71 and a beta of 1.23.
In related news, VP Scott R. Hudson sold 7,600 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.29, for a total value of $496,204.00. Following the completion of the transaction, the vice president now owns 25,027 shares of the company’s stock, valued at $1,634,012.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank E. Jr. English sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $63.67, for a total transaction of $95,505.00. Following the completion of the transaction, the director now directly owns 10,600 shares of the company’s stock, valued at approximately $674,902. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/18/arthur-j-gallagher-co-ajg-to-release-quarterly-earnings-on-thursday.html.
About Arthur J Gallagher & Co
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.
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.