Zacks: Brokerages Expect Willis Towers Watson Public Limited Company (NASDAQ:WLTW) to Announce $1.51 EPS

Brokerages expect Willis Towers Watson Public Limited Company (NASDAQ:WLTW) to announce $1.51 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Willis Towers Watson Public Limited’s earnings, with estimates ranging from $1.40 to $1.61. Willis Towers Watson Public Limited posted earnings of $1.66 per share in the same quarter last year, which would suggest a negative year over year growth rate of 9%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, August 3rd.

According to Zacks, analysts expect that Willis Towers Watson Public Limited will report full year earnings of $8.48 per share for the current year, with EPS estimates ranging from $8.39 to $8.59. For the next fiscal year, analysts anticipate that the business will post earnings of $9.77 per share, with EPS estimates ranging from $9.35 to $10.14. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Willis Towers Watson Public Limited.

Willis Towers Watson Public Limited (NASDAQ:WLTW) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.38. Willis Towers Watson Public Limited had a net margin of 5.24% and a return on equity of 10.76%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the company earned $3.41 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

WLTW has been the topic of a number of recent analyst reports. Wells Fargo & Company reaffirmed a “sell” rating on shares of Willis Towers Watson Public Limited in a research report on Sunday, April 9th. Zacks Investment Research lowered Willis Towers Watson Public Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Jefferies Group LLC upped their target price on Willis Towers Watson Public Limited from $141.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. William Blair reaffirmed an “outperform” rating on shares of Willis Towers Watson Public Limited in a research report on Thursday, May 4th. Finally, Deutsche Bank AG reaffirmed a “sell” rating and issued a $121.00 target price on shares of Willis Towers Watson Public Limited in a research report on Monday, July 10th. Three analysts have rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $151.38.

Willis Towers Watson Public Limited (NASDAQ WLTW) traded up 0.99% during mid-day trading on Friday, reaching $149.08. 507,350 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $146.57 and its 200-day moving average price is $134.67. Willis Towers Watson Public Limited has a 52 week low of $112.76 and a 52 week high of $150.47. The company has a market capitalization of $20.15 billion, a P/E ratio of 39.21 and a beta of 0.93.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Wednesday, June 28th. Willis Towers Watson Public Limited’s dividend payout ratio is currently 69.97%.

In other Willis Towers Watson Public Limited news, Director Paul D. Thomas sold 2,200 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $141.62, for a total value of $311,564.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey W. Ubben sold 1,000,000 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $140.53, for a total value of $140,530,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,450,378 shares of company stock worth $205,839,802. Corporate insiders own 6.70% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Willis Towers Watson Public Limited by 24.5% in the first quarter. Bank of Montreal Can now owns 295,402 shares of the financial services provider’s stock valued at $38,664,000 after buying an additional 58,164 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Willis Towers Watson Public Limited by 363.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,550 shares of the financial services provider’s stock valued at $1,774,000 after buying an additional 10,627 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Willis Towers Watson Public Limited by 6.2% in the first quarter. Oppenheimer & Co. Inc. now owns 5,811 shares of the financial services provider’s stock valued at $761,000 after buying an additional 340 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of Willis Towers Watson Public Limited during the fourth quarter valued at $1,141,000. Finally, Atria Investments LLC raised its stake in shares of Willis Towers Watson Public Limited by 1.0% in the first quarter. Atria Investments LLC now owns 4,805 shares of the financial services provider’s stock valued at $629,000 after buying an additional 46 shares in the last quarter. 92.80% of the stock is currently owned by hedge funds and other institutional investors.

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About Willis Towers Watson Public Limited

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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