Aon plc (NYSE:AON) Expected to Post Quarterly Sales of $3.03 Billion

Analysts expect Aon plc (NYSE:AONGet Rating) to report sales of $3.03 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for AON’s earnings, with estimates ranging from $2.96 billion to $3.11 billion. AON reported sales of $2.89 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that AON will report full year sales of $12.73 billion for the current fiscal year, with estimates ranging from $12.55 billion to $12.89 billion. For the next financial year, analysts anticipate that the business will post sales of $13.38 billion, with estimates ranging from $13.04 billion to $13.60 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for AON.

AON (NYSE:AONGet Rating) last posted its earnings results on Friday, April 29th. The financial services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.72 billion. AON had a net margin of 11.06% and a return on equity of 119.46%. AON’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.28 earnings per share.

AON has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded AON from a “hold” rating to a “buy” rating and set a $350.00 target price on the stock in a report on Monday, April 11th. Wells Fargo & Company cut their price target on AON from $321.00 to $310.00 in a report on Monday. Evercore ISI downgraded AON from an “in-line” rating to an “underperform” rating and upped their price target for the stock from $288.00 to $292.00 in a research report on Thursday, January 6th. Piper Sandler dropped their target price on AON from $325.00 to $295.00 and set a “neutral” rating on the stock in a report on Monday, January 24th. Finally, initiated coverage on shares of AON in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to, the stock presently has an average rating of “Hold” and a consensus target price of $310.90.

In related news, insider Michael Neller sold 1,250 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $285.00, for a total transaction of $356,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christa Davies sold 32,942 shares of the firm’s stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $282.51, for a total transaction of $9,306,444.42. The disclosure for this sale can be found here. Insiders have sold 42,390 shares of company stock valued at $11,982,022 over the last quarter. Corporate insiders own 0.99% of the company’s stock.

Several large investors have recently modified their holdings of the company. City State Bank purchased a new stake in AON during the 4th quarter valued at $29,000. Hanson & Doremus Investment Management purchased a new position in shares of AON in the 4th quarter valued at approximately $30,000. Concord Wealth Partners grew its position in shares of AON by 103.8% in the 4th quarter. Concord Wealth Partners now owns 108 shares of the financial services provider’s stock worth $32,000 after buying an additional 55 shares during the period. Steph & Co. purchased a new position in shares of AON during the first quarter valued at approximately $33,000. Finally, Equitec Proprietary Markets LLC bought a new position in shares of AON during the fourth quarter valued at $36,000. 85.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE AON opened at $286.55 on Friday. The company’s 50 day simple moving average is $312.75 and its 200 day simple moving average is $299.25. The company has a debt-to-equity ratio of 7.50, a current ratio of 2.01 and a quick ratio of 1.17. AON has a fifty-two week low of $223.19 and a fifty-two week high of $341.98. The firm has a market capitalization of $60.86 billion, a P/E ratio of 45.48 and a beta of 0.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Monday, May 2nd will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, April 29th. This represents a $2.24 annualized dividend and a dividend yield of 0.78%. This is a positive change from AON’s previous quarterly dividend of $0.51. AON’s payout ratio is currently 35.56%.

AON declared that its Board of Directors has initiated a share repurchase program on Friday, February 18th that permits the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 11.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

About AON (Get Rating)

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.

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