Zacks: Analysts Anticipate Aon PLC (AON) to Announce $1.27 EPS
Equities analysts expect that Aon PLC (NYSE:AON) will report earnings of $1.27 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Aon PLC’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.31. Aon PLC posted earnings per share of $1.29 during the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Friday, October 27th.
On average, analysts expect that Aon PLC will report full-year earnings of $6.50 per share for the current financial year, with EPS estimates ranging from $6.35 to $6.61. For the next financial year, analysts expect that the company will report earnings of $8.05 per share, with EPS estimates ranging from $7.80 to $8.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Aon PLC.
Aon PLC (NYSE:AON) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year.
A number of brokerages recently commented on AON. Deutsche Bank AG raised their target price on Aon PLC from $113.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. BidaskClub cut Aon PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $162.00 target price on shares of Aon PLC in a report on Friday, October 13th. ValuEngine cut Aon PLC from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and set a $143.00 target price on shares of Aon PLC in a report on Sunday, August 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $141.10.
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Aon PLC (NYSE AON) traded up 0.53% during mid-day trading on Thursday, reaching $150.39. 208,920 shares of the company were exchanged. The stock has a market capitalization of $38.25 billion, a price-to-earnings ratio of 21.97 and a beta of 1.04. The stock’s 50-day moving average price is $144.95 and its 200-day moving average price is $134.40. Aon PLC has a 1-year low of $107.19 and a 1-year high of $150.41.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.96%. The ex-dividend date is Tuesday, October 31st. Aon PLC’s payout ratio is 20.48%.
In related news, CEO Michael J. O’connor sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $145.00, for a total transaction of $1,450,000.00. Following the completion of the sale, the chief executive officer now owns 123,805 shares in the company, valued at $17,951,725. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in Aon PLC by 16.7% during the second quarter. Parallel Advisors LLC now owns 740 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Aon PLC during the first quarter worth approximately $106,000. Fiduciary Trust Co. purchased a new stake in Aon PLC during the second quarter worth approximately $108,000. Magellan Asset Management Ltd lifted its stake in Aon PLC by 110.2% during the second quarter. Magellan Asset Management Ltd now owns 847 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 444 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new stake in Aon PLC during the second quarter worth approximately $126,000. Hedge funds and other institutional investors own 84.01% of the company’s stock.
About Aon PLC
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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