$2.86 Billion in Sales Expected for Aon PLC (NYSE:AON) This Quarter

Wall Street analysts expect that Aon PLC (NYSE:AON) will announce sales of $2.86 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for AON’s earnings, with the lowest sales estimate coming in at $2.83 billion and the highest estimate coming in at $2.91 billion. AON reported sales of $2.77 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The company is expected to announce its next quarterly earnings results on Friday, February 7th.

According to Zacks, analysts expect that AON will report full-year sales of $11.00 billion for the current financial year, with estimates ranging from $10.95 billion to $11.08 billion. For the next year, analysts anticipate that the business will report sales of $11.64 billion, with estimates ranging from $11.51 billion to $11.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover AON.

AON (NYSE:AON) last announced its earnings results on Friday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.02. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.46 billion. AON had a return on equity of 51.63% and a net margin of 13.79%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 EPS.

A number of equities research analysts have recently issued reports on AON shares. Wells Fargo & Co restated a “hold” rating and issued a $195.00 price target on shares of AON in a research report on Thursday, December 5th. Raymond James lowered AON from an “outperform” rating to an “underperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $190.11.

Shares of AON stock traded up $0.71 during trading hours on Monday, reaching $205.88. The company had a trading volume of 772,796 shares, compared to its average volume of 903,325. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a fifty day moving average of $198.21 and a 200-day moving average of $193.21. The company has a market capitalization of $48.12 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.88 and a beta of 0.85. AON has a 12-month low of $135.30 and a 12-month high of $206.78.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 31st. AON’s dividend payout ratio is presently 21.57%.

In related news, insider Anthony R. Goland sold 1,703 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $194.79, for a total value of $331,727.37. Following the transaction, the insider now directly owns 15,589 shares in the company, valued at $3,036,581.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Behets Robert 3,000,000 shares of AON stock in a transaction on Friday, October 11th. Corporate insiders own 0.92% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Longview Partners Guernsey LTD grew its stake in AON by 8.9% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,502,583 shares of the financial services provider’s stock valued at $1,254,868,000 after buying an additional 531,216 shares during the last quarter. Capital Planning Advisors LLC purchased a new position in AON during the 3rd quarter valued at about $299,000. Menora Mivtachim Holdings LTD. grew its holdings in AON by 29.3% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 326,900 shares of the financial services provider’s stock valued at $63,278,000 after buying an additional 74,100 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in AON by 9.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 103,382 shares of the financial services provider’s stock valued at $20,008,000 after buying an additional 8,972 shares in the last quarter. Finally, Calamos Advisors LLC grew its holdings in AON by 646.8% during the 2nd quarter. Calamos Advisors LLC now owns 82,150 shares of the financial services provider’s stock valued at $15,853,000 after buying an additional 71,150 shares in the last quarter. Institutional investors own 85.66% of the company’s stock.

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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