Wall Street brokerages expect Arthur J Gallagher & Co (NYSE:AJG) to report $0.75 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Arthur J Gallagher & Co’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.71. Arthur J Gallagher & Co posted earnings of $0.66 per share during the same quarter last year, which suggests a positive year over year growth rate of 13.6%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, January 25th.
On average, analysts expect that Arthur J Gallagher & Co will report full-year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.03. For the next fiscal year, analysts expect that the company will post earnings of $3.37 per share, with EPS estimates ranging from $3.24 to $3.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J Gallagher & Co had a net margin of 7.62% and a return on equity of 13.56%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 earnings per share.
Shares of Arthur J Gallagher & Co (AJG) traded up $0.26 during midday trading on Friday, hitting $64.29. 1,098,009 shares of the stock were exchanged, compared to its average volume of 653,387. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $11,623.57, a PE ratio of 25.72, a PEG ratio of 1.72 and a beta of 1.23. Arthur J Gallagher & Co has a 1 year low of $52.57 and a 1 year high of $67.32.
In related news, Director Frank E. Jr. English sold 1,500 shares of the firm’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 completion of the transaction, the director now directly owns 10,600 shares of the company’s stock, valued at $674,902. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.29, for a total transaction of $496,204.00. Following the transaction, the vice president now directly owns 25,027 shares of the company’s stock, valued at $1,634,012.83. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of AJG. Invictus RG purchased a new position in Arthur J Gallagher & Co during the third quarter valued at $130,000. Eagle Boston Investment Management Inc. purchased a new position in Arthur J Gallagher & Co during the third quarter valued at $201,000. Coldstream Capital Management Inc. purchased a new position in Arthur J Gallagher & Co during the second quarter valued at $202,000. Doyle Wealth Management purchased a new position in Arthur J Gallagher & Co during the third quarter valued at $203,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new position in Arthur J Gallagher & Co during the third quarter valued at $218,000. 82.52% of the stock is owned by institutional investors.
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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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