Analysts Anticipate Aon PLC (AON) Will Announce Earnings of $1.88 Per Share

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Analysts forecast that Aon PLC (NYSE:AON) will post earnings of $1.88 per share for the current fiscal quarter, according to Zacks. 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 posted earnings per share of $1.71 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.9%. The firm is expected to announce its next quarterly earnings report on Friday, July 26th.

According to Zacks, analysts expect that AON will report full-year earnings of $9.15 per share for the current year, with EPS estimates ranging from $9.05 to $9.33. For the next fiscal year, analysts anticipate that the business will report earnings of $10.32 per share, with EPS estimates ranging from $10.14 to $10.57. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for AON.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $3.31 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.31. AON had a net margin of 11.08% and a return on equity of 46.15%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period last year, the business earned $2.97 EPS. AON’s revenue for the quarter was up 1.7% compared to the same quarter last year.

A number of research analysts have commented on AON shares. MKM Partners upgraded shares of AON from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $155.00 to $200.00 in a research note on Monday, February 4th. ValuEngine upgraded shares of AON from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Compass Point started coverage on shares of AON in a research note on Tuesday, January 15th. They issued a “buy” rating and a $195.00 price objective on the stock. Barclays lifted their price objective on shares of AON from $153.00 to $155.00 and gave the company an “equal weight” rating in a research note on Monday, April 1st. Finally, Morgan Stanley lifted their price objective on shares of AON from $169.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $173.10.

NYSE:AON traded up $0.83 during midday trading on Wednesday, hitting $178.88. 730,804 shares of the company were exchanged, compared to its average volume of 1,057,597. 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 $42.78 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.71 and a beta of 0.94. AON has a fifty-two week low of $134.82 and a fifty-two week high of $182.60.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from AON’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, April 30th. AON’s payout ratio is 21.57%.

In related news, CFO Christa Davies sold 58,152 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $170.90, for a total transaction of $9,938,176.80. Following the transaction, the chief financial officer now owns 288,016 shares of the company’s stock, valued at $49,221,934.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Peter M. Lieb sold 15,068 shares of the firm’s stock in a transaction that occurred 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 transaction, the general counsel now directly owns 17,985 shares in the company, valued at approximately $3,107,268.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,170 shares of company stock worth $15,022,428. Company insiders own 0.92% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Aurora Investment Counsel lifted its position in AON by 0.5% during the 1st quarter. Aurora Investment Counsel now owns 11,577 shares of the financial services provider’s stock worth $1,976,000 after buying an additional 58 shares in the last quarter. Fort L.P. raised its holdings in AON by 6.9% during the 1st quarter. Fort L.P. now owns 925 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 60 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in AON by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,735 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 65 shares during the last quarter. Berman Capital Advisors LLC raised its holdings in AON by 39.0% during the 1st quarter. Berman Capital Advisors LLC now owns 246 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 69 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in AON by 4.7% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,578 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 71 shares during the last quarter. 84.63% of the stock is currently 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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Earnings History and Estimates for AON (NYSE:AON)

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