$2.95 Billion in Sales Expected for Aon plc Class A (AON) This Quarter

Brokerages forecast that Aon plc Class A (NYSE:AON) will report $2.95 billion in sales 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 $2.87 billion. Aon plc Class A reported sales of $2.38 billion in the same quarter last year, which would suggest a positive year over year growth rate of 23.9%. The company is scheduled to report its next earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Aon plc Class A will report full-year sales of $2.95 billion for the current year, with estimates ranging from $10.40 billion to $10.93 billion. For the next year, analysts expect that the company will post sales of $11.25 billion per share, with estimates ranging from $10.75 billion to $11.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Aon plc Class A.

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Aon plc Class A (NYSE:AON) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.01. Aon plc Class A had a net margin of 12.26% and a return on equity of 32.41%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year.

Several equities research analysts have weighed in on AON shares. Goldman Sachs started coverage on shares of Aon plc Class A in a research note on Monday, December 4th. They issued a “neutral” rating and a $149.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $158.00 price target on shares of Aon plc Class A in a research note on Wednesday, December 6th. ValuEngine downgraded shares of Aon plc Class A from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research downgraded shares of Aon plc Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Barclays reaffirmed a “hold” rating and issued a $135.00 price target on shares of Aon plc Class A in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $147.08.

NYSE:AON traded up $0.87 during midday trading on Wednesday, hitting $140.33. The company had a trading volume of 1,342,124 shares, compared to its average volume of 1,135,445. Aon plc Class A has a 52 week low of $117.00 and a 52 week high of $152.78. The company has a current ratio of 1.66, a quick ratio of 1.67 and a debt-to-equity ratio of 1.22. The company has a market cap of $34,546.44, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.03.

In related news, EVP Peter M. Lieb sold 4,200 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $141.39, for a total transaction of $593,838.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. O’connor sold 12,824 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $145.00, for a total transaction of $1,859,480.00. Following the transaction, the chief executive officer now owns 126,629 shares in the company, valued at $18,361,205. The disclosure for this sale can be found here. Insiders have sold 123,477 shares of company stock valued at $17,453,753 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. We Are One Seven LLC purchased a new position in Aon plc Class A during the fourth quarter worth about $1,140,000. Sterling Capital Management LLC boosted its holdings in Aon plc Class A by 17.3% during the fourth quarter. Sterling Capital Management LLC now owns 9,776 shares of the financial services provider’s stock worth $1,310,000 after purchasing an additional 1,439 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in Aon plc Class A during the fourth quarter worth about $343,000. Captrust Financial Advisors purchased a new position in Aon plc Class A during the fourth quarter worth about $240,000. Finally, Kings Point Capital Management boosted its holdings in Aon plc Class A by 4.6% during the fourth quarter. Kings Point Capital Management now owns 35,535 shares of the financial services provider’s stock worth $4,762,000 after purchasing an additional 1,577 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

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Aon plc Class A Company Profile

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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Earnings History and Estimates for Aon plc Class A (NYSE:AON)

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