Wall Street brokerages expect Aon PLC (NYSE:AON) to post $1.53 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for AON’s earnings, with estimates ranging from $1.48 to $1.62. AON reported earnings per share of $1.45 in the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The company is expected to announce its next earnings report on Friday, October 23rd.
On average, analysts expect that AON will report full year earnings of $9.72 per share for the current financial year, with EPS estimates ranging from $9.59 to $9.87. For the next financial year, analysts expect that the company will post earnings of $10.65 per share, with EPS estimates ranging from $10.10 to $10.95. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover AON.
AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 31st. The financial services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.04. AON had a net margin of 16.08% and a return on equity of 64.99%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the business posted $1.87 EPS. AON’s quarterly revenue was down 4.2% on a year-over-year basis.
Several brokerages have recently commented on AON. Raymond James lowered shares of AON from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 5th. William Blair reiterated a “buy” rating on shares of AON in a research note on Tuesday, June 9th. Morgan Stanley lowered their target price on shares of AON from $216.00 to $206.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 19th. Wells Fargo & Company reiterated a “buy” rating and issued a $247.00 target price on shares of AON in a research note on Friday, August 21st. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $200.00 target price on shares of AON in a research note on Monday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $213.40.
Shares of AON traded down $0.66 during mid-day trading on Monday, hitting $205.52. 877,428 shares of the company’s stock were exchanged, compared to its average volume of 1,378,753. The firm has a fifty day moving average of $199.62 and a two-hundred day moving average of $190.39. AON has a twelve month low of $143.93 and a twelve month high of $238.19. The stock has a market cap of $47.61 billion, a price-to-earnings ratio of 27.40 and a beta of 0.78. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.96.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in AON by 1.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,234,640 shares of the financial services provider’s stock worth $3,504,565,000 after purchasing an additional 277,122 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of AON by 2.7% during the 2nd quarter. BlackRock Inc. now owns 17,818,046 shares of the financial services provider’s stock worth $3,431,757,000 after acquiring an additional 472,104 shares during the period. Capital International Investors lifted its holdings in shares of AON by 30.2% during the 1st quarter. Capital International Investors now owns 9,278,248 shares of the financial services provider’s stock worth $1,531,284,000 after acquiring an additional 2,151,087 shares during the period. Capital World Investors lifted its holdings in shares of AON by 21.7% during the 1st quarter. Capital World Investors now owns 6,352,625 shares of the financial services provider’s stock worth $1,048,437,000 after acquiring an additional 1,134,668 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of AON by 1.2% during the 1st quarter. Geode Capital Management LLC now owns 3,847,251 shares of the financial services provider’s stock worth $634,085,000 after acquiring an additional 45,967 shares during the period. Institutional investors own 91.08% of the company’s stock.
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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