Wall Street brokerages expect Aon PLC (NYSE:AON) to announce $3.24 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for AON’s earnings, with estimates ranging from $3.18 billion to $3.32 billion. AON posted sales of $3.09 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.9%. The company is expected to issue its next quarterly earnings report on Friday, May 3rd.
According to Zacks, analysts expect that AON will report full-year sales of $11.37 billion for the current financial year, with estimates ranging from $11.30 billion to $11.49 billion. For the next year, analysts expect that the company will report sales of $11.97 billion, with estimates ranging from $11.83 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.
Get AON alerts:AON (NYSE:AON) last released its quarterly earnings results on Friday, February 1st. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.03. AON had a net margin of 10.53% and a return on equity of 43.49%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the company earned $2.35 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year.
A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of AON from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Wells Fargo & Co lifted their price target on shares of AON from $165.00 to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 13th. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a research note on Wednesday, December 26th. Morgan Stanley lifted their price target on shares of AON from $152.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 14th. Finally, William Blair reaffirmed a “market perform” rating on shares of AON in a research note on Friday, February 1st. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $169.10.
In related news, insider Eric Andersen sold 5,000 shares of AON stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $142.39, for a total transaction of $711,950.00. Following the completion of the sale, the insider now owns 67,320 shares in the company, valued at approximately $9,585,694.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Neller sold 1,250 shares of AON stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $171.66, for a total transaction of $214,575.00. Following the sale, the insider now owns 5,188 shares of the company’s stock, valued at approximately $890,572.08. The disclosure for this sale can be found here. Insiders have sold a total of 64,402 shares of company stock valued at $10,864,702 in the last quarter. 0.42% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new stake in AON during the 4th quarter valued at about $25,000. Berman Capital Advisors LLC bought a new stake in shares of AON in the 4th quarter valued at about $25,000. Oregon Public Employees Retirement Fund raised its holdings in shares of AON by 14,228.3% in the 4th 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 bought a new stake in shares of AON in the 4th quarter valued at about $31,000. Finally, YorkBridge Wealth Partners LLC raised its holdings in shares of AON by 1,875.0% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 316 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 86.24% of the company’s stock.
Shares of AON stock traded up $0.14 during trading hours on Friday, reaching $172.80. 1,005,034 shares of the stock were exchanged, compared to its average volume of 1,160,410. AON has a 12-month low of $134.82 and a 12-month high of $173.53. The company has a current ratio of 1.64, a quick ratio of 1.41 and a debt-to-equity ratio of 1.42. The stock has a market cap of $41.52 billion, a PE ratio of 21.18, a P/E/G ratio of 1.59 and a beta of 0.93.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. AON’s payout ratio is 19.61%.
AON Company Profile
Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.
Featured Article: Compound Interest
Get a free copy of the Zacks research report on AON (AON)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment