Analysts Issue Forecasts for Willis Towers Watson Public Limited Company’s FY2018 Earnings (WLTW)

Willis Towers Watson Public Limited Company (NASDAQ:WLTW) – Analysts at William Blair boosted their FY2018 earnings per share estimates for Willis Towers Watson Public in a research report issued on Thursday. William Blair analyst A. Klauber now expects that the financial services provider will post earnings of $9.70 per share for the year, up from their previous forecast of $9.69. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Willis Towers Watson Public’s Q4 2018 earnings at $2.39 EPS, Q1 2019 earnings at $4.57 EPS, Q2 2019 earnings at $1.98 EPS, Q3 2019 earnings at $1.66 EPS and FY2019 earnings at $11.04 EPS.

Willis Towers Watson Public (NASDAQ:WLTW) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.01). The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Willis Towers Watson Public had a return on equity of 10.93% and a net margin of 4.43%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 earnings per share.

Several other brokerages have also weighed in on WLTW. ValuEngine lowered shares of Willis Towers Watson Public from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Goldman Sachs Group began coverage on shares of Willis Towers Watson Public in a research report on Monday. They set a “sell” rating and a $153.00 target price on the stock. Wells Fargo & Company restated a “sell” rating and set a $124.00 target price on shares of Willis Towers Watson Public in a research report on Thursday, November 2nd. BidaskClub lowered shares of Willis Towers Watson Public from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Robert W. Baird restated a “buy” rating and set a $167.00 target price on shares of Willis Towers Watson Public in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $157.27.

Shares of Willis Towers Watson Public (NASDAQ:WLTW) traded down $1.16 on Monday, reaching $157.32. 633,500 shares of the company’s stock traded hands, compared to its average volume of 812,100. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.45. Willis Towers Watson Public has a one year low of $120.87 and a one year high of $165.00. The firm has a market capitalization of $20,925.51, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.89 and a beta of 0.90.

In other news, CFO Michael J. Burwell acquired 3,100 shares of Willis Towers Watson Public stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $160.10 per share, with a total value of $496,310.00. Following the completion of the purchase, the chief financial officer now owns 3,100 shares of the company’s stock, valued at approximately $496,310. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey W. Ubben sold 491,652 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $148.59, for a total transaction of $73,054,570.68. The disclosure for this sale can be found here. Insiders sold 2,025,295 shares of company stock worth $311,256,253 over the last quarter. Company insiders own 6.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. FIL Ltd raised its stake in Willis Towers Watson Public by 490.5% during the second quarter. FIL Ltd now owns 3,884,662 shares of the financial services provider’s stock worth $565,063,000 after purchasing an additional 3,226,785 shares during the period. BlackRock Inc. raised its stake in Willis Towers Watson Public by 42.9% during the second quarter. BlackRock Inc. now owns 7,689,587 shares of the financial services provider’s stock worth $1,118,528,000 after purchasing an additional 2,310,281 shares during the period. Capital Research Global Investors raised its stake in Willis Towers Watson Public by 136.4% during the second quarter. Capital Research Global Investors now owns 2,398,314 shares of the financial services provider’s stock worth $348,859,000 after purchasing an additional 1,383,798 shares during the period. Epoch Investment Partners Inc. purchased a new position in Willis Towers Watson Public during the second quarter worth approximately $167,911,000. Finally, Harris Associates L P raised its stake in Willis Towers Watson Public by 13.0% during the second quarter. Harris Associates L P now owns 8,937,984 shares of the financial services provider’s stock worth $1,300,119,000 after purchasing an additional 1,027,587 shares during the period. 94.35% of the stock is currently owned by institutional investors and hedge funds.

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Willis Towers Watson Public Company Profile

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.

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

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