Zacks: Analysts Expect Arthur J. Gallagher & Co. (NYSE:AJG) Will Announce Quarterly Sales of $2.03 Billion

Brokerages forecast that Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) will post $2.03 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Arthur J. Gallagher & Co.’s earnings, with the highest sales estimate coming in at $2.07 billion and the lowest estimate coming in at $1.98 billion. Arthur J. Gallagher & Co. reported sales of $1.90 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6.8%. The company is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Arthur J. Gallagher & Co. will report full-year sales of $8.53 billion for the current financial year, with estimates ranging from $8.41 billion to $8.73 billion. For the next fiscal year, analysts forecast that the business will report sales of $9.47 billion, with estimates ranging from $9.26 billion to $9.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Arthur J. Gallagher & Co..

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The financial services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.36. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 15.45% and a net margin of 11.41%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.02 EPS.

Several analysts have weighed in on the company. Morgan Stanley dropped their price objective on Arthur J. Gallagher & Co. from $173.00 to $171.00 and set an “equal weight” rating for the company in a report on Wednesday, February 2nd. StockNews.com assumed coverage on Arthur J. Gallagher & Co. in a research report on Thursday, March 31st. They set a “hold” rating for the company. Wells Fargo & Company boosted their target price on Arthur J. Gallagher & Co. from $193.00 to $209.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 12th. UBS Group assumed coverage on Arthur J. Gallagher & Co. in a research report on Monday, April 18th. They set a “neutral” rating and a $192.00 target price for the company. Finally, Raymond James upgraded Arthur J. Gallagher & Co. from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $185.00 to $195.00 in a research report on Monday, May 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Buy” and an average target price of $174.30.

In other news, VP Thomas Joseph Gallagher sold 36,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $153.24, for a total transaction of $5,639,232.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Walter D. Bay sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $162.00, for a total value of $1,215,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,217 shares of company stock valued at $20,447,149. Insiders own 1.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in AJG. FinTrust Capital Advisors LLC bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at $25,000. Evoke Wealth LLC raised its stake in Arthur J. Gallagher & Co. by 394.7% in the 4th quarter. Evoke Wealth LLC now owns 188 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Riverview Trust Co bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at $34,000. Ahrens Investment Partners LLC bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at $37,000. Finally, Country Trust Bank acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at $38,000. Institutional investors own 84.18% of the company’s stock.

Shares of NYSE:AJG opened at $157.78 on Thursday. The stock has a market capitalization of $33.07 billion, a P/E ratio of 34.75, a P/E/G ratio of 2.03 and a beta of 0.70. Arthur J. Gallagher & Co. has a 1-year low of $135.50 and a 1-year high of $187.02. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $169.85 and a two-hundred day moving average price of $164.53.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Shareholders of record on Friday, June 3rd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.29%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 44.93%.

Arthur J. Gallagher & Co. Company Profile (Get Rating)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

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

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