$2.47 Billion in Sales Expected for Aon PLC (NYSE:AON) This Quarter

Equities research analysts expect that Aon PLC (NYSE:AON) will post sales of $2.47 billion for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for AON’s earnings, with the highest sales estimate coming in at $2.48 billion and the lowest estimate coming in at $2.46 billion. AON posted sales of $2.35 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The firm is scheduled to issue its next quarterly earnings report on Friday, October 25th.

On average, analysts expect that AON will report full-year sales of $11.16 billion for the current financial year, with estimates ranging from $11.11 billion to $11.24 billion. For the next financial year, analysts forecast that the business will post sales of $11.85 billion, with estimates ranging from $11.60 billion to $11.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow AON.

AON (NYSE:AON) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.01). AON had a net margin of 13.14% and a return on equity of 48.75%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. AON’s revenue was up 1.8% compared to the same quarter last year.

A number of equities analysts have issued reports on AON shares. ValuEngine cut shares of AON from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. MKM Partners upgraded shares of AON to a “buy” rating and boosted their price objective for the company from $210.00 to $225.00 in a research report on Monday, June 24th. Atlantic Securities cut shares of AON from an “overweight” rating to a “neutral” rating and set a $190.00 price objective on the stock. in a research report on Friday, June 14th. Barclays set a $190.00 price target on shares of AON and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, UBS Group boosted their price target on shares of AON from $181.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $186.64.

Shares of AON stock traded up $4.76 during mid-day trading on Tuesday, reaching $192.00. The stock had a trading volume of 482,253 shares, compared to its average volume of 798,723. The stock’s 50-day moving average price is $192.26 and its two-hundred day moving average price is $185.92. AON has a 52-week low of $135.30 and a 52-week high of $198.61. The firm has a market capitalization of $44.16 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.73 and a beta of 0.85. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 1.72.

In related news, COO John G. Bruno sold 7,600 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $192.30, for a total transaction of $1,461,480.00. Following the transaction, the chief operating officer now owns 46,252 shares in the company, valued at $8,894,259.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Neller sold 750 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $193.29, for a total transaction of $144,967.50. Following the transaction, the insider now owns 2,192 shares in the company, valued at approximately $423,691.68. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AON. CWM LLC boosted its stake in AON by 12.7% during the second quarter. CWM LLC now owns 506 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 57 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of AON by 3.7% in the second quarter. Cornerstone Advisors Inc. now owns 1,637 shares of the financial services provider’s stock worth $316,000 after buying an additional 59 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of AON by 1.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,320 shares of the financial services provider’s stock worth $641,000 after buying an additional 60 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of AON by 5.5% in the second quarter. Park Avenue Securities LLC now owns 1,218 shares of the financial services provider’s stock worth $235,000 after buying an additional 63 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of AON by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,735 shares of the financial services provider’s stock worth $979,000 after buying an additional 65 shares in the last quarter. Institutional investors own 85.74% of the company’s stock.

About AON

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.

Further Reading: What is the Book Value of a Share?

Get a free copy of the Zacks research report on AON (AON)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AON (NYSE:AON)

Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.