$2.29 Billion in Sales Expected for Aon PLC (AON) This Quarter
Analysts expect Aon PLC (NYSE:AON) to report $2.29 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Aon PLC’s earnings, with the lowest sales estimate coming in at $2.24 billion and the highest estimate coming in at $2.32 billion. Aon PLC posted sales of $2.75 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.7%. The firm is expected to report its next earnings results on Friday, October 27th.
According to Zacks, analysts expect that Aon PLC will report full year sales of $2.29 billion for the current fiscal year, with estimates ranging from $9.79 billion to $9.94 billion. For the next year, analysts expect that the business will post sales of $10.38 billion per share, with estimates ranging from $10.10 billion to $10.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Aon PLC.
Aon PLC (NYSE:AON) last posted its earnings results on Friday, August 4th. The financial services provider reported $1.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.45. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Aon PLC had a return on equity of 32.62% and a net margin of 17.28%. Aon PLC’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share.
Several brokerages have recently issued reports on AON. Royal Bank Of Canada reiterated a “hold” rating and set a $143.00 price target on shares of Aon PLC in a research report on Wednesday, September 6th. Jefferies Group LLC reissued a “buy” rating on shares of Aon PLC in a research note on Tuesday, September 5th. ValuEngine raised Aon PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered Aon PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Deutsche Bank AG raised their price objective on Aon PLC from $113.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Aon PLC presently has a consensus rating of “Hold” and an average price target of $139.00.
In other news, CEO Michael J. O’connor sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $140.28, for a total value of $1,402,800.00. Following the completion of the sale, the chief executive officer now owns 123,805 shares of the company’s stock, valued at $17,367,365.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.
Several institutional investors have recently modified their holdings of AON. Waldron LP boosted its position in shares of Aon PLC by 81.2% in the first quarter. Waldron LP now owns 3,826 shares of the financial services provider’s stock worth $454,000 after buying an additional 1,714 shares during the period. Cibc World Markets Corp boosted its position in shares of Aon PLC by 52.4% in the first quarter. Cibc World Markets Corp now owns 27,441 shares of the financial services provider’s stock worth $3,257,000 after buying an additional 9,433 shares during the period. Kings Point Capital Management boosted its position in shares of Aon PLC by 1.6% in the first quarter. Kings Point Capital Management now owns 33,397 shares of the financial services provider’s stock worth $3,964,000 after buying an additional 533 shares during the period. Financial Counselors Inc. boosted its position in shares of Aon PLC by 1.6% in the first quarter. Financial Counselors Inc. now owns 3,641 shares of the financial services provider’s stock worth $432,000 after buying an additional 57 shares during the period. Finally, Cleararc Capital Inc. boosted its position in shares of Aon PLC by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock worth $765,000 after buying an additional 56 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.
Shares of Aon PLC (AON) opened at 142.89 on Wednesday. Aon PLC has a 52-week low of $107.19 and a 52-week high of $144.81. The stock has a market capitalization of $36.34 billion, a P/E ratio of 20.87 and a beta of 1.02. The firm’s 50-day moving average price is $138.95 and its 200-day moving average price is $128.87.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a $0.36 dividend. The ex-dividend date was Friday, July 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.01%. Aon PLC’s dividend payout ratio (DPR) is presently 20.48%.
About Aon PLC
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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