Wall Street analysts predict that Aon plc Class A (NYSE:AON) will post sales of $2.94 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Aon plc Class A’s earnings, with the highest sales estimate coming in at $3.01 billion and the lowest estimate coming in at $2.83 billion. Aon plc Class A posted sales of $2.38 billion in the same quarter last year, which indicates a positive year over year growth rate of 23.5%. The firm is expected to report its next quarterly earnings report before the market opens on Friday, May 4th.
According to Zacks, analysts expect that Aon plc Class A will report full-year sales of $10.74 billion for the current financial year, with estimates ranging from $10.38 billion to $10.93 billion. For the next financial year, analysts expect that the company will report sales of $11.25 billion per share, with estimates ranging from $10.75 billion to $11.57 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Aon plc Class A.
Aon plc Class A (NYSE:AON) last announced its quarterly earnings data on Friday, February 2nd. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.01. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.84 billion. Aon plc Class A had a net margin of 12.26% and a return on equity of 32.41%. Aon plc Class A’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $2.56 earnings per share.
AON has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Aon plc Class A from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Citigroup raised their price objective on shares of Aon plc Class A from $165.00 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Wells Fargo set a $143.00 price objective on shares of Aon plc Class A and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Barclays restated a “hold” rating and issued a $135.00 price objective on shares of Aon plc Class A in a research note on Tuesday, January 9th. Finally, Goldman Sachs upgraded shares of Aon plc Class A from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $144.22 to $149.00 in a research note on Thursday, March 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $146.58.
Shares of Aon plc Class A stock traded down $0.20 during midday trading on Friday, hitting $143.58. The company had a trading volume of 414,065 shares, compared to its average volume of 1,222,311. The company has a market cap of $34,962.55, a price-to-earnings ratio of 22.05, a PEG ratio of 1.46 and a beta of 1.03. The company has a current ratio of 1.66, a quick ratio of 1.67 and a debt-to-equity ratio of 1.22. Aon plc Class A has a 1-year low of $118.26 and a 1-year high of $152.78.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be given a $0.40 dividend. This is a boost from Aon plc Class A’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Monday, April 30th. Aon plc Class A’s dividend payout ratio (DPR) is 22.09%.
In related news, Director Lester B. Knight acquired 60,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $138.42 per share, with a total value of $8,305,200.00. Following the completion of the acquisition, the director now owns 2,908 shares in the company, valued at $402,525.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Neller sold 1,500 shares of Aon plc Class A stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $140.12, for a total value of $210,180.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,477 shares of company stock valued at $17,453,753. 0.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC bought a new position in shares of Aon plc Class A during the third quarter valued at $105,000. Fieldpoint Private Securities LLC bought a new position in shares of Aon plc Class A during the third quarter valued at $121,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Aon plc Class A by 105.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,170 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 600 shares during the period. Captrust Financial Advisors bought a new position in shares of Aon plc Class A during the fourth quarter valued at $240,000. Finally, Lake Street Advisors Group LLC bought a new position in shares of Aon plc Class A during the fourth quarter valued at $343,000. 87.25% of the stock is owned by institutional investors.
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About Aon plc Class A
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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