Analysts predict that Willis Towers Watson PLC (NASDAQ:WLTW) will report sales of $2.39 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Willis Towers Watson’s earnings, with the lowest sales estimate coming in at $2.36 billion and the highest estimate coming in at $2.41 billion. Willis Towers Watson reported sales of $2.32 billion during the same quarter last year, which indicates a positive year over year growth rate of 3%. The firm is scheduled to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that Willis Towers Watson will report full-year sales of $2.39 billion for the current year, with estimates ranging from $8.45 billion to $8.52 billion. For the next year, analysts forecast that the business will post sales of $8.77 billion per share, with estimates ranging from $8.65 billion to $8.84 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Willis Towers Watson.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.10. Willis Towers Watson had a net margin of 6.93% and a return on equity of 11.25%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business posted $1.88 EPS. Willis Towers Watson’s quarterly revenue was up 7.8% compared to the same quarter last year.
Several research analysts recently commented on WLTW shares. BidaskClub raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus raised their price objective on shares of Willis Towers Watson from $175.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, February 5th. ValuEngine raised shares of Willis Towers Watson from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Willis Towers Watson in a report on Tuesday, January 9th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $154.00 price objective on shares of Willis Towers Watson in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $168.67.
In related news, insider Joseph Gunn sold 9,438 shares of Willis Towers Watson stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $159.95, for a total value of $1,509,608.10. Following the transaction, the insider now owns 22,041 shares in the company, valued at approximately $3,525,457.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.70% of the company’s stock.
Large investors have recently modified their holdings of the stock. FNY Managed Accounts LLC purchased a new position in Willis Towers Watson in the 4th quarter worth $149,000. Calton & Associates Inc. purchased a new position in Willis Towers Watson in the 4th quarter worth $192,000. Dean Capital Investments Management LLC purchased a new position in Willis Towers Watson in the 4th quarter worth $201,000. Capital Wealth Planning LLC purchased a new position in Willis Towers Watson in the 3rd quarter worth $204,000. Finally, Advisor Partners LLC purchased a new position in Willis Towers Watson in the 4th quarter worth $217,000. Institutional investors own 93.75% of the company’s stock.
Willis Towers Watson (NASDAQ:WLTW) opened at $162.28 on Friday. The company has a market cap of $21,440.00, a P/E ratio of 34.53, a P/E/G ratio of 1.61 and a beta of 0.89. Willis Towers Watson has a fifty-two week low of $125.66 and a fifty-two week high of $165.00. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.43.
Willis Towers Watson announced that its board has initiated a share repurchase program on Monday, February 26th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be issued a dividend of $0.60 per share. This is an increase from Willis Towers Watson’s previous quarterly dividend of $0.53. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, March 28th. Willis Towers Watson’s payout ratio is currently 45.11%.
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About Willis Towers Watson
Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards.
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