Willis Towers Watson PLC (WLTW) Expected to Announce Earnings of $1.11 Per Share

Wall Street brokerages predict that Willis Towers Watson PLC (NASDAQ:WLTW) will report $1.11 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Willis Towers Watson’s earnings, with the highest EPS estimate coming in at $1.27 and the lowest estimate coming in at $0.87. Willis Towers Watson posted earnings per share of $1.12 in the same quarter last year, which suggests a negative year over year growth rate of 0.9%. The firm is scheduled to report its next earnings results before the market opens on Friday, November 2nd.

On average, analysts expect that Willis Towers Watson will report full year earnings of $9.57 per share for the current fiscal year, with EPS estimates ranging from $9.45 to $9.70. For the next year, analysts anticipate that the firm will post earnings of $10.73 per share, with EPS estimates ranging from $10.28 to $11.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Willis Towers Watson.

Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $1.70 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.70. Willis Towers Watson had a net margin of 5.65% and a return on equity of 9.96%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business earned $1.45 EPS. The company’s revenue was up 3.7% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Willis Towers Watson from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup set a $165.00 target price on shares of Willis Towers Watson and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group raised shares of Willis Towers Watson from a “neutral” rating to an “outperform” rating and set a $166.00 target price on the stock in a research report on Monday, October 8th. ValuEngine downgraded shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $175.00 target price on shares of Willis Towers Watson in a research report on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $171.38.

Shares of WLTW traded up $1.23 during midday trading on Friday, reaching $137.30. The stock had a trading volume of 845,096 shares, compared to its average volume of 562,444. Willis Towers Watson has a 1-year low of $135.35 and a 1-year high of $165.00. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.24 and a beta of 0.87. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.44.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Sunday, September 30th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 27th. Willis Towers Watson’s dividend payout ratio (DPR) is 28.20%.

In related news, insider Adam Garrard sold 1,830 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of $146.77, for a total value of $268,589.10. Following the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,016,473.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of WLTW. Epoch Investment Partners Inc. grew its position in Willis Towers Watson by 9.9% during 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 last quarter. Barclays PLC grew its position in Willis Towers Watson by 59.5% during 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 last quarter. Prana Capital Management LP grew its position in Willis Towers Watson by 174.4% during 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 last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Willis Towers Watson by 13.0% in the second quarter. Thompson Siegel & Walmsley LLC now owns 554,031 shares of the financial services provider’s stock valued at $83,992,000 after acquiring an additional 63,601 shares in the last quarter. Finally, Oribel Capital Management LP purchased a new stake in shares of Willis Towers Watson in the second quarter valued at about $9,096,000. 93.19% of the stock is currently owned by institutional investors.

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.

Featured Story: Trading Strategy Methods for Individual Investors

Get a free copy of the Zacks research report on Willis Towers Watson (WLTW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Willis Towers Watson (NASDAQ:WLTW)

Receive News & Ratings for Willis Towers Watson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply