Brokerages expect that Aon plc Class A (NYSE:AON) will report sales of $2.94 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Aon plc Class A’s earnings, with the lowest sales estimate coming in at $2.83 billion and the highest estimate coming in at $3.01 billion. Aon plc Class A posted sales of $2.38 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 23.5%. The business is expected to report its next earnings report before the market opens on Friday, May 4th.
According to Zacks, analysts expect that Aon plc Class A will report full-year sales of $10.74 billion for the current year, with estimates ranging from $10.38 billion to $10.93 billion. For the next financial year, analysts forecast that the business will post sales of $11.25 billion per share, with estimates ranging from $10.75 billion to $11.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Aon plc Class A.
Aon plc Class A (NYSE:AON) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.34 by $0.01. Aon plc Class A had a return on equity of 32.41% and a net margin of 12.26%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the firm earned $2.56 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis.
In other news, CEO Michael J. O’connor sold 1,411 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $140.23, for a total transaction of $197,864.53. Following the completion of the transaction, the chief executive officer now directly owns 133,515 shares in the company, valued at $18,722,808.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael J. O’connor sold 12,824 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $145.00, for a total value of $1,859,480.00. Following the transaction, the chief executive officer now owns 126,629 shares of the company’s stock, valued at $18,361,205. The disclosure for this sale can be found here. Insiders sold 123,477 shares of company stock valued at $17,453,753 over the last quarter. 0.90% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC purchased a new position in shares of Aon plc Class A during the third quarter worth $105,000. Fieldpoint Private Securities LLC purchased a new position in shares of Aon plc Class A during the third quarter worth $121,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Aon plc Class A by 105.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,170 shares of the financial services provider’s stock worth $157,000 after buying an additional 600 shares during the period. Captrust Financial Advisors purchased a new position in shares of Aon plc Class A during the fourth quarter worth $240,000. Finally, Lake Street Advisors Group LLC purchased a new position in shares of Aon plc Class A during the fourth quarter worth $343,000. Institutional investors and hedge funds own 87.30% of the company’s stock.
NYSE:AON opened at $142.02 on Friday. Aon plc Class A has a one year low of $118.16 and a one year high of $152.78. The company has a quick ratio of 1.67, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $34,475.11, a P/E ratio of 21.78, a P/E/G ratio of 1.44 and a beta of 1.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.13%. This is a positive change from Aon plc Class A’s previous quarterly dividend of $0.36. Aon plc Class A’s dividend payout ratio is presently 22.09%.
Aon plc Class A Company Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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