$2.86 Billion in Sales Expected for Aon PLC (NYSE:AON) This Quarter
Analysts expect Aon PLC (NYSE:AON) to report sales of $2.86 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for AON’s earnings, with estimates ranging from $2.83 billion to $2.91 billion. AON reported sales of $2.77 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The firm is scheduled to announce its next quarterly earnings report on Friday, February 7th.
According to Zacks, analysts expect that AON will report full year sales of $11.00 billion for the current fiscal year, with estimates ranging from $10.95 billion to $11.08 billion. For the next financial year, analysts anticipate that the business will post sales of $11.64 billion, with estimates ranging from $11.51 billion to $11.81 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for AON.
AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.02. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.46 billion. AON had a return on equity of 51.63% and a net margin of 13.79%. AON’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 EPS.
Shares of NYSE AON traded up $0.27 during mid-day trading on Monday, hitting $206.15. The company had a trading volume of 1,186,529 shares, compared to its average volume of 772,990. The company has a market capitalization of $48.04 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.88 and a beta of 0.85. The firm has a 50-day simple moving average of $198.51 and a two-hundred day simple moving average of $193.35. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.72. AON has a one year low of $135.30 and a one year high of $206.78.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 31st. AON’s payout ratio is 21.57%.
In related news, Director J Michael Losh sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $193.60, for a total value of $968,000.00. Following the completion of the sale, the director now directly owns 19,366 shares in the company, valued at approximately $3,749,257.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony R. Goland sold 1,703 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $194.79, for a total transaction of $331,727.37. Following the completion of the sale, the insider now owns 15,589 shares of the company’s stock, valued at $3,036,581.31. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of AON. NEXT Financial Group Inc acquired a new stake in AON during the second quarter worth approximately $25,000. Cerebellum GP LLC acquired a new stake in AON during the third quarter worth approximately $28,000. Massey Quick Simon & CO. LLC acquired a new stake in AON during the second quarter worth approximately $31,000. Capital Investment Advisory Services LLC acquired a new stake in AON during the second quarter worth approximately $37,000. Finally, Venturi Wealth Management LLC acquired a new stake in AON during the third quarter worth approximately $39,000. Institutional investors and hedge funds 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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