Aon plc (NYSE:AON) is expected to report quarterly sales of $3.20 billion
Equity research analysts expect Aon plc (NYSE:AON) to earn $3.20 billion in revenue for the current fiscal quarter, reports Zacks Investment Research. Four analysts made AON earnings estimates. The highest sales estimate is $3.27 billion and the lowest is $3.08 billion. AON recorded sales of $2.97 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 7.7%. The company is expected to announce its next earnings report before the market opens on Friday, February 4.
On average, analysts expect AON to report annual revenue of $12.30 billion in the current fiscal year, with estimates ranging from $12.19 billion to $12.39 billion. of dollars. For next year, analysts expect the company to register sales of $12.99 billion, with estimates ranging from $12.79 billion to $13.19 billion. Zacks Investment Research’s sales calculations are an average average based on a survey of sell-side research firms that provide coverage for AON.
AON (NYSE:AON) last released its quarterly results on Thursday, October 28. The financial services provider reported earnings per share (EPS) of $1.74 for the quarter, beating Thomson Reuters consensus estimate of $1.70 by $0.04. The company posted revenue of $2.70 billion for the quarter, versus $2.60 billion expected by analysts. AON had a net margin of 7.58% and a return on equity of 67.50%. The company’s quarterly revenue increased 13.3% year over year. In the same quarter of the previous year, the company had earned earnings per share of $1.53.
A number of research companies have weighed in on AON recently. Evercore ISI downgraded AON shares from an “in-line” rating to an “underperforming” rating and raised its target price for the stock from $288.00 to $292.00 in a research note Thursday, January 6. Atlantic Securities downgraded AON’s stock from an “overweight” rating to a “neutral” rating and set a target price of $320.00 for the stock. in a research note on Thursday, November 4. They noted that the move was a review call. JPMorgan Chase & Co. downgraded AON shares from an “overweight” rating to a “neutral” rating and set a target price of $283.00 for the stock. in a Monday, October 4, research note. Wells Fargo & Company cut its price target on AON stock from $326.00 to $321.00 and set an “equal weight” rating on the stock in a Tuesday, Jan. 4 research note. Finally, Morgan Stanley raised its price target on AON shares from $298.00 to $320.00 and gave the company an “equal weight” rating in a Tuesday, Nov. 2 research note. One financial analyst gave the stock a sell rating, nine gave the company a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $301.56.
Separately, director Byron Spruell bought 200 shares of the company in a deal that took place on Tuesday, November 23. The shares were purchased at an average cost of $296.32 per share, with a total value of $59,264.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, General Counsel Darren Zeidel sold 197 shares in a trade on Thursday, Dec. 23. The stock was sold at an average price of $295.00, for a total value of $58,115.00. The disclosure of this sale can be found here. 0.99% of the shares are held by insiders of the company.
Institutional investors have recently increased or reduced their stake in the company. CIBC Private Wealth Group LLC increased its holdings in AON by 452.2% in the second quarter. CIBC Private Wealth Group LLC now owns 135,777 shares of the financial services provider valued at $32,420,000 after acquiring an additional 111,187 shares during the period. Natixis Advisors LP increased its stake in AON by 9.5% in the second quarter. Natixis Advisors LP now owns 452,015 shares of the financial services provider valued at $107,923,000 after acquiring an additional 39,103 shares during the period. Stephens Inc. AR increased its position in AON shares by 34.0% in the second quarter. Stephens Inc. AR now owns 36,758 shares of the financial services provider valued at $8,776,000 after buying an additional 9,335 shares last quarter. Caisse DE Dépôt ET Placement DU Québec increased its position in AON shares by 70.3% in the second quarter. Caisse DE Dépôt ET Placement DU Quebec now owns 166,063 shares of the financial services provider valued at $39,649,000 after purchasing an additional 68,544 shares last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in AON shares by 11.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,795 shares of the financial services provider valued at $9,979,000 after buying an additional 4,235 shares last quarter. 89.95% of the shares are held by institutional investors.
AON shares opened at $266.42 on Monday. The stock has a market capitalization of $58.70 billion, a PE ratio of 67.62 and a beta of 0.89. AON has a 1-year low of $202.32 and a 1-year high of $326.25. The company has a debt ratio of 3.59, a quick ratio of 1.88 and a current ratio of 1.88. The company’s 50-day simple moving average is $291.86 and its 200-day simple moving average is $285.39.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 15. Shareholders of record on Tuesday, February 1 will receive a dividend of $0.51. This represents an annualized dividend of $2.04 and a dividend yield of 0.77%. The ex-dividend date is Monday, January 31. AON’s payout ratio is currently 51.78%.
Aon Plc operates as a global professional services company. It provides advice and solutions to clients focusing on risk, retirement and health through the following products and services: commercial risk solutions, reinsurance solutions, retirement solutions, health solutions and data and data services. ‘to analyse.
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