Arthur J. Gallagher & Co. reports results for the quarter ended June 30 - Earnings Summary

• Arthur J. Gallagher & Co. AJG.N reported quarterly adjusted earnings of $2.33​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.26. The mean expectation of fifteen analysts for the quarter was for earnings of $2.37 per share. Wall Street expected results to range from $2.32 to $2.45 per share.

• Revenue rose 17.9% to $3.22 billion from a year ago; analysts expected $3.21 billion.

• Arthur J. Gallagher & Co.'s reported EPS for the quarter was $1.40​.

• The company reported quarterly net income of $365.8 million.

• Arthur J. Gallagher & Co. shares had fallen by 10.7% this quarter and gained 0.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the multiline insurance & brokers peer group is also "buy"

• Wall Street's median 12-month price target for Arthur J. Gallagher & Co. is $345.00, about 16.7% above its last closing price of $287.25

This summary was machine generated from LSEG data July 31 at 10:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)