Aon PLC (AON) Expected to Post Quarterly Sales of $3.23 Billion

Equities research analysts expect Aon PLC (NYSE:AON) to post $3.23 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for AON’s earnings, with the lowest sales estimate coming in at $3.18 billion and the highest estimate coming in at $3.27 billion. AON reported sales of $3.09 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The business is expected to announce its next earnings report on Friday, May 3rd.

On average, analysts expect that AON will report full-year sales of $11.37 billion for the current fiscal year, with estimates ranging from $11.30 billion to $11.45 billion. For the next year, analysts anticipate that the business will post sales of $11.98 billion, with estimates ranging from $11.83 billion to $12.18 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for AON.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, February 1st. The financial services provider reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.03. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.82 billion. AON had a net margin of 10.53% and a return on equity of 43.49%. The company’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 earnings per share.

A number of research firms have weighed in on AON. ValuEngine lowered shares of AON from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research raised shares of AON from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Monday, December 31st. Goldman Sachs Group downgraded shares of AON from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $171.00 to $163.00 in a report on Tuesday, January 8th. Wells Fargo & Co reissued a “hold” rating on shares of AON in a report on Tuesday, January 8th. Finally, Barclays boosted their target price on shares of AON from $153.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. AON has an average rating of “Hold” and a consensus target price of $169.30.

AON opened at $172.00 on Monday. The company has a market capitalization of $41.46 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.60 and a beta of 0.94. AON has a 1-year low of $134.82 and a 1-year high of $175.26. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.64 and a quick ratio of 1.64.

In related news, General Counsel Peter M. Lieb sold 15,068 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $172.77, for a total transaction of $2,603,298.36. Following the sale, the general counsel now owns 17,985 shares of the company’s stock, valued at $3,107,268.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Eric Andersen sold 5,000 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $142.39, for a total transaction of $711,950.00. Following the sale, the insider now directly owns 67,320 shares in the company, valued at approximately $9,585,694.80. The disclosure for this sale can be found here. Insiders sold 79,470 shares of company stock worth $13,468,000 in the last three months. Insiders own 0.42% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in AON. Oregon Public Employees Retirement Fund raised 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 purchasing an additional 3,813,464 shares in the last quarter. Capital World Investors purchased a new stake in AON during the third quarter valued at $312,712,000. Capital International Investors raised its stake in AON by 43.9% during the third quarter. Capital International Investors now owns 4,618,244 shares of the financial services provider’s stock valued at $710,194,000 after purchasing an additional 1,407,855 shares in the last quarter. Norges Bank purchased a new stake in AON during the fourth quarter valued at $176,885,000. Finally, BlackRock Inc. raised its stake in AON by 7.8% during the fourth quarter. BlackRock Inc. now owns 15,997,384 shares of the financial services provider’s stock valued at $2,325,380,000 after purchasing an additional 1,162,646 shares in the last quarter. 84.91% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for AON (NYSE:AON)

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