Brokerages Expect Willis Towers Watson PLC (WLTW) Will Announce Quarterly Sales of $1.87 Billion

Wall Street brokerages expect Willis Towers Watson PLC (NASDAQ:WLTW) to post sales of $1.87 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Willis Towers Watson’s earnings. The lowest sales estimate is $1.84 billion and the highest is $1.90 billion. Willis Towers Watson posted sales of $1.85 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.1%. The firm is expected to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Willis Towers Watson will report full year sales of $8.52 billion for the current financial year, with estimates ranging from $8.41 billion to $8.59 billion. For the next fiscal year, analysts forecast that the company will post sales of $8.85 billion, with estimates ranging from $8.72 billion to $8.95 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Willis Towers Watson.

Willis Towers Watson (NASDAQ:WLTW) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $1.70 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.70. Willis Towers Watson had a net margin of 5.65% and a return on equity of 9.96%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year.

A number of research analysts recently issued reports on WLTW shares. BidaskClub downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Zacks Investment Research upgraded Willis Towers Watson from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Citigroup boosted their price objective on Willis Towers Watson from $175.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, July 12th. Credit Suisse Group started coverage on Willis Towers Watson in a research note on Tuesday, August 7th. They set a “neutral” rating and a $166.00 price objective for the company. Finally, Morgan Stanley cut their price objective on Willis Towers Watson from $175.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, August 3rd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $172.77.

In other Willis Towers Watson news, insider Adam Garrard sold 1,830 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $146.77, for a total value of $268,589.10. Following the completion of the transaction, the insider now directly owns 13,739 shares in the company, valued at approximately $2,016,473.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of WLTW. Epoch Investment Partners Inc. boosted its stake in Willis Towers Watson by 9.9% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,226,212 shares of the financial services provider’s stock worth $185,893,000 after purchasing an additional 110,434 shares during the period. Barclays PLC boosted its stake in Willis Towers Watson by 59.5% in the 1st quarter. Barclays PLC now owns 222,858 shares of the financial services provider’s stock worth $33,917,000 after purchasing an additional 83,120 shares during the period. Prana Capital Management LP boosted its stake in Willis Towers Watson by 174.4% in the 2nd quarter. Prana Capital Management LP now owns 130,426 shares of the financial services provider’s stock worth $19,773,000 after purchasing an additional 82,901 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Willis Towers Watson by 13.0% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 554,031 shares of the financial services provider’s stock worth $83,992,000 after purchasing an additional 63,601 shares during the period. Finally, Oribel Capital Management LP bought a new position in Willis Towers Watson in the 2nd quarter worth approximately $9,096,000. Institutional investors and hedge funds own 93.19% of the company’s stock.

NASDAQ WLTW opened at $141.75 on Monday. The stock has a market cap of $18.43 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.24 and a beta of 0.87. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.44. Willis Towers Watson has a 52 week low of $139.73 and a 52 week high of $165.00.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Sunday, September 30th will be paid a $0.60 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.40 annualized dividend and a yield of 1.69%. Willis Towers Watson’s payout ratio is 28.20%.

About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. Its Human Capital and Benefits segment provides actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.

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