Brokerages Expect Aon PLC (NYSE:AON) Will Announce Earnings of $1.88 Per Share
Equities research analysts expect Aon PLC (NYSE:AON) to report $1.88 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for AON’s earnings, with the highest EPS estimate coming in at $1.90 and the lowest estimate coming in at $1.85. AON reported earnings per share of $1.71 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The firm is scheduled to issue its next earnings report on Friday, July 26th.
According to Zacks, analysts expect that AON will report full-year earnings of $9.14 per share for the current fiscal year, with EPS estimates ranging from $9.05 to $9.25. For the next financial year, analysts forecast that the business will report earnings of $10.30 per share, with EPS estimates ranging from $10.14 to $10.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for AON.
AON (NYSE:AON) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $3.31 earnings per share for the quarter, meeting the consensus estimate of $3.31. AON had a return on equity of 46.15% and a net margin of 11.08%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period in the prior year, the company earned $2.97 earnings per share. AON’s revenue was up 1.7% compared to the same quarter last year.
Shares of AON stock traded down $0.15 during trading hours on Friday, reaching $189.30. The company had a trading volume of 20,656 shares, compared to its average volume of 1,052,616. AON has a one year low of $134.82 and a one year high of $192.79. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a market capitalization of $45.76 billion, a P/E ratio of 23.18, a PEG ratio of 1.75 and a beta of 0.87.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.44 dividend. This is a positive change from AON’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Tuesday, April 30th. AON’s dividend payout ratio (DPR) is presently 21.57%.
In related news, insider Eric Andersen sold 7,500 shares of AON stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.50, for a total transaction of $1,338,750.00. Following the completion of the sale, the insider now owns 80,941 shares of the company’s stock, valued at $14,447,968.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Peter M. Lieb sold 11,645 shares of AON stock in a transaction on Friday, May 31st. The shares were sold at an average price of $180.69, for a total value of $2,104,135.05. Following the sale, the general counsel now directly owns 4,408 shares of the company’s stock, valued at approximately $796,481.52. The disclosure for this sale can be found here. Insiders sold 24,345 shares of company stock valued at $4,370,513 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.
A number of large investors have recently bought and sold shares of AON. Berman Capital Advisors LLC bought a new stake in AON during the fourth quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in AON during the fourth quarter valued at $25,000. Oregon Public Employees Retirement Fund boosted its stake in AON by 14,228.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,840,266 shares of the financial services provider’s stock valued at $26,000 after buying an additional 3,813,464 shares during the period. Sontag Advisory LLC bought a new stake in AON during the fourth quarter valued at $31,000. Finally, Somerset Trust Co boosted its stake in 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 buying an additional 134 shares during the period. 84.99% of the stock is owned by institutional investors.
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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