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.
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.
COPYRIGHT VIOLATION NOTICE: “Analysts Issue Forecasts for Willis Towers Watson Public Limited Company’s FY2018 Earnings (WLTW)” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/12/06/analysts-issue-forecasts-for-willis-towers-watson-public-limited-companys-fy2018-earnings-wltw.html.
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.
What are top analysts saying about Willis Towers Watson Public Limited Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Willis Towers Watson Public Limited Company and related companies.