Wall Street brokerages expect that Aon PLC (NYSE:AON) will announce $3.31 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for AON’s earnings, with estimates ranging from $3.29 billion to $3.33 billion. AON reported sales of $3.14 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The business is scheduled to issue its next earnings results on Friday, April 24th.
According to Zacks, analysts expect that AON will report full year sales of $11.67 billion for the current fiscal year, with estimates ranging from $11.50 billion to $11.76 billion. For the next financial year, analysts forecast that the firm will post sales of $12.38 billion, with estimates ranging from $12.02 billion to $12.54 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow AON.
AON (NYSE:AON) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.04. AON had a return on equity of 55.95% and a net margin of 13.91%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the business earned $2.16 earnings per share. AON’s revenue for the quarter was up 7.8% compared to the same quarter last year.
Several equities research analysts have recently weighed in on AON shares. MKM Partners increased their price objective on AON from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. William Blair raised AON from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Citigroup started coverage on AON in a research report on Tuesday, January 21st. They issued a “buy” rating and a $245.00 price objective for the company. Morgan Stanley increased their price objective on AON from $198.00 to $230.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Raymond James cut AON from an “outperform” rating to an “underperform” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $223.38.
AON opened at $235.73 on Friday. AON has a 1-year low of $156.09 and a 1-year high of $235.81. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $54.43 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.88 and a beta of 0.83. The business has a 50 day moving average of $215.14 and a 200-day moving average of $200.24.
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.75%. AON’s payout ratio is 19.19%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Allred Capital Management LLC acquired a new position in shares of AON in the fourth quarter valued at $25,000. Princeton Global Asset Management LLC acquired a new position in shares of AON in the fourth quarter valued at $25,000. Sugarloaf Wealth Management LLC acquired a new position in shares of AON in the fourth quarter valued at $28,000. Cerebellum GP LLC acquired a new position in shares of AON in the third quarter valued at $28,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of AON in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 86.04% 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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