$1.88 Earnings Per Share Expected for Aon PLC (AON) This Quarter
Brokerages forecast that Aon PLC (NYSE:AON) will post $1.88 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for AON’s earnings, with estimates ranging from $1.85 to $1.90. AON reported earnings per share of $1.71 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.9%. The company is scheduled to report its next quarterly earnings results on Friday, July 26th.
On average, analysts expect that AON will report full year earnings of $9.14 per share for the current year, with EPS estimates ranging from $9.05 to $9.25. For the next fiscal year, analysts forecast that the company will post earnings of $10.30 per share, with EPS estimates ranging from $10.14 to $10.45. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for AON.
AON (NYSE:AON) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $3.31 earnings per share for the quarter, meeting the consensus estimate of $3.31. AON had a return on equity of 46.15% and a net margin of 11.08%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period in the prior year, the business earned $2.97 earnings per share. AON’s revenue for the quarter was up 1.7% compared to the same quarter last year.
In other AON news, insider Michael Neller sold 1,250 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $171.66, for a total transaction of $214,575.00. Following the completion of the transaction, the insider now directly owns 5,188 shares in the company, valued at $890,572.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Peter M. Lieb sold 15,068 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $172.77, for a total value of $2,603,298.36. Following the transaction, the general counsel now owns 17,985 shares of the company’s stock, valued at $3,107,268.45. The disclosure for this sale can be found here. Insiders have sold 29,018 shares of company stock valued at $5,084,251 over the last quarter. Corporate insiders own 0.92% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. First Hawaiian Bank increased its stake in shares of AON by 47.9% in the fourth quarter. First Hawaiian Bank now owns 4,617 shares of the financial services provider’s stock valued at $671,000 after buying an additional 1,495 shares in the last quarter. Gofen & Glossberg LLC IL increased its stake in shares of AON by 1.3% in the fourth quarter. Gofen & Glossberg LLC IL now owns 8,017 shares of the financial services provider’s stock valued at $1,165,000 after buying an additional 100 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of AON in the fourth quarter valued at $698,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of AON in the fourth quarter valued at $6,045,000. Finally, Virtu Financial LLC increased its stake in shares of AON by 73.1% in the fourth quarter. Virtu Financial LLC now owns 8,942 shares of the financial services provider’s stock valued at $1,300,000 after buying an additional 3,776 shares in the last quarter. Hedge funds and other institutional investors own 84.63% of the company’s stock.
AON stock traded down $2.01 during midday trading on Wednesday, hitting $178.53. The stock had a trading volume of 733,589 shares, compared to its average volume of 1,054,255. The stock has a market cap of $43.42 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94. AON has a 52 week low of $134.82 and a 52 week high of $182.60. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.09 and a quick ratio of 2.09.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.44 per share. This is a positive change from AON’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 0.99%. The ex-dividend date was Tuesday, April 30th. AON’s dividend payout ratio is currently 21.57%.
AON Company Profile
Aon plc, a professional services firm, provides advisory and solutions based on risk, retirement, and health to clients. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance provider; and health solutions, such as health and benefits brokerages, and health care exchanges.
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