Equities research analysts predict that Willis Towers Watson PLC (NASDAQ:WLTW) will announce earnings per share of $1.11 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Willis Towers Watson’s earnings. The highest EPS estimate is $1.27 and the lowest is $0.87. Willis Towers Watson reported earnings of $1.12 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.9%. The company is expected to report its next earnings results on Thursday, November 1st.
On average, analysts expect that Willis Towers Watson will report full year earnings of $9.55 per share for the current financial year, with EPS estimates ranging from $9.30 to $9.70. For the next year, analysts expect that the company will report earnings of $10.79 per share, with EPS estimates ranging from $10.30 to $11.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Willis Towers Watson.
Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.70. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Willis Towers Watson had a return on equity of 9.96% and a net margin of 5.65%. Willis Towers Watson’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share.
Several research firms have recently weighed in on WLTW. Zacks Investment Research downgraded Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. BidaskClub downgraded Willis Towers Watson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Credit Suisse Group began coverage on Willis Towers Watson in a research report on Tuesday, August 7th. They set a “neutral” rating and a $166.00 target price for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $175.00 target price on shares of Willis Towers Watson in a research report on Monday, August 6th. Finally, Morgan Stanley decreased their target price on Willis Towers Watson from $175.00 to $171.00 and set an “overweight” rating for the company in a research report on Friday, August 3rd. Four 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. The stock currently has an average rating of “Hold” and an average target price of $173.00.
NASDAQ:WLTW opened at $147.69 on Friday. Willis Towers Watson has a twelve month low of $142.67 and a twelve month high of $165.00. The firm has a market cap of $19.26 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.44.
Institutional investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in shares of Willis Towers Watson during the second quarter valued at $103,000. Advisors Asset Management Inc. increased its stake in shares of Willis Towers Watson by 3,261.4% during the second quarter. Advisors Asset Management Inc. now owns 28,404 shares of the financial services provider’s stock valued at $120,000 after buying an additional 27,559 shares during the period. Landaas & Co. WI ADV purchased a new position in shares of Willis Towers Watson during the second quarter valued at $167,000. Advisor Partners LLC purchased a new position in shares of Willis Towers Watson during the second quarter valued at $209,000. Finally, Impax Asset Management LLC purchased a new position in shares of Willis Towers Watson during the first quarter valued at $213,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.
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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