Aon PLC (NYSE:AON) Expected to Announce Quarterly Sales of $2.68 Billion
Wall Street analysts forecast that Aon PLC (NYSE:AON) will announce $2.68 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for AON’s earnings. The highest sales estimate is $2.71 billion and the lowest is $2.63 billion. AON posted sales of $2.56 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The business is scheduled to issue its next quarterly earnings report on Friday, July 26th.
On average, analysts expect that AON will report full-year sales of $11.25 billion for the current fiscal year, with estimates ranging from $11.09 billion to $11.41 billion. For the next financial year, analysts anticipate that the company will report sales of $11.91 billion, with estimates ranging from $11.69 billion to $12.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for AON.
AON (NYSE:AON) last announced 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 business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period in the prior year, the company earned $2.97 earnings per share. AON’s revenue was up 1.7% compared to the same quarter last year.
In related news, General Counsel Peter M. Lieb sold 11,645 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $180.69, for a total value of $2,104,135.05. Following the sale, the general counsel now owns 4,408 shares in the company, valued at $796,481.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eric Andersen sold 7,500 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.50, for a total value of $1,338,750.00. Following the completion of the sale, the insider now owns 80,941 shares in the company, valued at approximately $14,447,968.50. The disclosure for this sale can be found here. Insiders sold 24,345 shares of company stock valued at $4,370,513 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Berman Capital Advisors LLC purchased a new stake in AON during the fourth quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in AON during the fourth quarter valued at about $25,000. Oregon Public Employees Retirement Fund raised its position in AON by 14,228.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 3,813,464 shares in the last quarter. Sontag Advisory LLC purchased a new stake in AON during the fourth quarter valued at about $31,000. Finally, Somerset Trust Co raised its position in AON by 171.8% during the first quarter. Somerset Trust Co now owns 212 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
Shares of AON stock traded down $0.15 during trading hours on Friday, reaching $189.30. The company had a trading volume of 20,656 shares, compared to its average volume of 1,052,616. AON has a one year low of $134.82 and a one year high of $192.79. 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 firm has a market capitalization of $45.76 billion, a P/E ratio of 23.18, a PEG ratio of 1.75 and a beta of 0.87.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.44 dividend. This is a positive change from AON’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Tuesday, April 30th. AON’s dividend payout ratio (DPR) is presently 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.
Recommended Story: Trade War
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.