Analysts Issue Forecasts for Willis Towers Watson PLC’s FY2018 Earnings (WLTW)

Willis Towers Watson PLC (NASDAQ:WLTW) – Equities research analysts at Langen Mcalenn increased their FY2018 earnings estimates for Willis Towers Watson in a report released on Wednesday, November 7th. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will post earnings per share of $9.96 for the year, up from their previous forecast of $9.50. Langen Mcalenn also issued estimates for Willis Towers Watson’s Q4 2018 earnings at $4.25 EPS, Q1 2019 earnings at $2.90 EPS, Q2 2019 earnings at $1.87 EPS, Q3 2019 earnings at $1.31 EPS, Q4 2019 earnings at $4.75 EPS and FY2019 earnings at $10.81 EPS.

Willis Towers Watson (NASDAQ:WLTW) last posted its quarterly earnings results on Friday, November 2nd. The financial services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.21. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Willis Towers Watson had a return on equity of 10.15% and a net margin of 6.84%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 EPS.

WLTW has been the topic of several other research reports. BidaskClub downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Citigroup upped their price target on Willis Towers Watson from $175.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. Wells Fargo & Co upped their price target on Willis Towers Watson from $155.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday. Zacks Investment Research downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Finally, Credit Suisse Group upgraded Willis Towers Watson from a “neutral” rating to an “outperform” rating and set a $166.00 price target on the stock in a research note on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Willis Towers Watson currently has a consensus rating of “Hold” and a consensus price target of $172.85.

Willis Towers Watson stock opened at $160.35 on Friday. The company has a current ratio of 1.86, a quick ratio of 2.29 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $20.10 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.34 and a beta of 0.74. Willis Towers Watson has a twelve month low of $134.50 and a twelve month high of $164.99.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Sunday, September 30th were given a $0.60 dividend. The ex-dividend date was Thursday, September 27th. This represents a $2.40 annualized dividend and a yield of 1.50%. Willis Towers Watson’s dividend payout ratio (DPR) is presently 28.20%.

In related news, insider Todd J. Jones sold 2,450 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $155.56, for a total value of $381,122.00. Following the transaction, the insider now directly owns 17,864 shares of the company’s stock, valued at approximately $2,778,923.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Garrard sold 1,830 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 13,739 shares in the company, valued at $2,016,473.03. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its holdings in shares of Willis Towers Watson by 0.4% during the 3rd quarter. Toronto Dominion Bank now owns 85,111 shares of the financial services provider’s stock valued at $11,993,000 after buying an additional 320 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Willis Towers Watson by 8.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,555 shares of the financial services provider’s stock valued at $691,000 after buying an additional 348 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Willis Towers Watson by 8.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,511 shares of the financial services provider’s stock valued at $684,000 after buying an additional 350 shares during the period. Gamble Jones Investment Counsel lifted its holdings in shares of Willis Towers Watson by 1.2% during the 2nd quarter. Gamble Jones Investment Counsel now owns 33,263 shares of the financial services provider’s stock valued at $5,043,000 after buying an additional 380 shares during the period. Finally, Glen Harbor Capital Management LLC lifted its holdings in shares of Willis Towers Watson by 8.3% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the financial services provider’s stock valued at $773,000 after buying an additional 392 shares during the period. 92.89% of the stock is currently owned by institutional investors and hedge funds.

Willis Towers Watson Company Profile

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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