Aon PLC (NYSE:AON) Expected to Announce Quarterly Sales of $2.68 Billion
Brokerages expect Aon PLC (NYSE:AON) to post $2.68 billion in sales for the current quarter, according to Zacks Investment Research. 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 reported sales of $2.56 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.7%. The company is expected to report its next earnings results on Friday, July 26th.
According to Zacks, 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 forecast that the firm will post sales of $11.91 billion, with estimates ranging from $11.69 billion to $12.18 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow AON.
AON (NYSE:AON) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.31. AON had a net margin of 11.08% and a return on equity of 46.15%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the prior year, the firm posted $2.97 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis.
In other AON news, insider Eric Andersen sold 7,500 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the transaction, the insider now directly owns 80,941 shares in the company, valued at $14,447,968.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter M. Lieb sold 5,200 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $178.39, for a total transaction of $927,628.00. Following the transaction, the general counsel now owns 16,446 shares in the company, valued at $2,933,801.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,345 shares of company stock worth $4,370,513. 0.92% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Altshuler Shaham Ltd purchased a new stake in shares of AON during the fourth quarter valued at approximately $25,000. Berman Capital Advisors LLC purchased a new position in AON during the fourth quarter valued at $25,000. Somerset Trust Co increased its holdings in shares of 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 acquiring an additional 134 shares in the last quarter. Sontag Advisory LLC bought a new position in shares of AON during the fourth quarter valued at $31,000. Finally, YorkBridge Wealth Partners LLC increased its holdings in shares of AON by 1,875.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 316 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Shares of AON stock traded up $1.08 on Friday, reaching $190.76. The stock had a trading volume of 653,853 shares, compared to its average volume of 1,044,629. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.23. The company has a market cap of $45.51 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.74 and a beta of 0.88. AON has a 1 year low of $134.82 and a 1 year high of $192.79.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.92%. This is a boost from AON’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, April 30th. AON’s dividend payout ratio is 21.57%.
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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