Zacks: Analysts Anticipate Aon PLC (NYSE:AON) Will Post Earnings of $2.49 Per Share

Brokerages expect Aon PLC (NYSE:AON) to announce earnings of $2.49 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for AON’s earnings, with estimates ranging from $2.46 to $2.51. AON reported earnings per share of $2.16 in the same quarter last year, which would indicate a positive year over year growth rate of 15.3%. The business is expected to report its next quarterly earnings results on Friday, February 7th.

On average, analysts expect that AON will report full year earnings of $9.13 per share for the current financial year, with EPS estimates ranging from $9.10 to $9.15. For the next fiscal year, analysts expect that the business will post earnings of $10.36 per share, with EPS estimates ranging from $10.28 to $10.49. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover AON.

AON (NYSE:AON) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.02. AON had a return on equity of 51.63% and a net margin of 13.79%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. AON’s revenue was up 2.2% compared to the same quarter last year.

Several research analysts recently issued reports on the company. UBS Group increased their price objective on AON from $181.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley dropped their price objective on AON from $200.00 to $198.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 14th. Barclays set a $190.00 price objective on AON and gave the stock a “hold” rating in a research note on Monday, August 12th. Wells Fargo & Co reissued a “hold” rating and issued a $195.00 price objective on shares of AON in a research note on Friday, July 26th. Finally, ValuEngine cut AON from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $189.89.

NYSE:AON traded up $1.72 during midday trading on Thursday, hitting $199.62. The stock had a trading volume of 1,123,414 shares, compared to its average volume of 917,522. AON has a one year low of $135.30 and a one year high of $201.00. The company has a market capitalization of $46.53 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.82 and a beta of 0.86. The stock has a 50-day moving average of $192.80 and a 200 day moving average of $190.42. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.72.

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.76 dividend on an annualized basis and a yield of 0.88%. AON’s dividend payout ratio is currently 21.57%.

In other news, insider Anthony R. Goland sold 1,703 shares of the stock in a transaction on Tuesday, November 5th. The stock was 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 in the company, valued at approximately $3,036,581.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Neller sold 750 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $193.29, for a total value of $144,967.50. Following the sale, the insider now owns 2,192 shares of the company’s stock, valued at approximately $423,691.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,053 shares of company stock valued at $2,906,175. 0.92% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of AON by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 18,406,729 shares of the financial services provider’s stock valued at $3,552,130,000 after purchasing an additional 275,773 shares during the last quarter. Longview Partners Guernsey LTD raised its stake in AON by 8.9% in the 2nd quarter. Longview Partners Guernsey LTD now owns 6,502,583 shares of the financial services provider’s stock worth $1,254,868,000 after acquiring an additional 531,216 shares during the last quarter. Northern Trust Corp raised its stake in AON by 0.8% in the 2nd quarter. Northern Trust Corp now owns 2,896,504 shares of the financial services provider’s stock worth $558,968,000 after acquiring an additional 23,391 shares during the last quarter. Bank of America Corp DE raised its stake in AON by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 2,333,373 shares of the financial services provider’s stock worth $450,294,000 after acquiring an additional 19,914 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in AON by 7.1% in the 3rd quarter. California Public Employees Retirement System now owns 2,002,383 shares of the financial services provider’s stock worth $387,601,000 after acquiring an additional 133,427 shares during the last quarter. Hedge funds and other institutional investors own 85.30% 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.

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