$1.29 EPS Expected for Willis Towers Watson PLC (NASDAQ:WLTW) This Quarter

Brokerages expect that Willis Towers Watson PLC (NASDAQ:WLTW) will post earnings per share of $1.29 for the current quarter, according to Zacks. Seven analysts have made estimates for Willis Towers Watson’s earnings, with estimates ranging from $1.20 to $1.43. Willis Towers Watson posted earnings of $1.32 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The firm is scheduled to announce its next earnings results on Friday, November 1st.

On average, analysts expect that Willis Towers Watson will report full year earnings of $10.93 per share for the current year, with EPS estimates ranging from $10.80 to $11.01. For the next fiscal year, analysts expect that the company will post earnings of $12.00 per share, with EPS estimates ranging from $11.52 to $12.29. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Willis Towers Watson.

Willis Towers Watson (NASDAQ:WLTW) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.76 by $0.02. Willis Towers Watson had a net margin of 9.86% and a return on equity of 13.00%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the business posted $1.70 earnings per share. Willis Towers Watson’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Several brokerages recently commented on WLTW. ValuEngine lowered shares of Willis Towers Watson from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co reaffirmed a “buy” rating and set a $220.00 price target on shares of Willis Towers Watson in a research report on Wednesday, July 31st. Morgan Stanley dropped their price objective on shares of Willis Towers Watson from $215.00 to $209.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. UBS Group increased their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Barclays set a $235.00 price objective on shares of Willis Towers Watson and gave the stock a “buy” rating in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Willis Towers Watson currently has an average rating of “Buy” and an average price target of $201.33.

WLTW stock traded down $1.83 on Monday, hitting $196.37. 525,006 shares of the company were exchanged, compared to its average volume of 438,626. Willis Towers Watson has a twelve month low of $134.50 and a twelve month high of $200.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.83. The business’s fifty day moving average is $194.77 and its two-hundred day moving average is $185.85. The stock has a market capitalization of $25.63 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.72 and a beta of 0.81.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, September 27th. Willis Towers Watson’s payout ratio is currently 26.72%.

In other news, insider Nicolas Aubert sold 7,592 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $195.00, for a total value of $1,480,440.00. Following the completion of the sale, the insider now owns 5,875 shares of the company’s stock, valued at $1,145,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Willis Towers Watson by 7.0% in the second quarter. BlackRock Inc. now owns 11,548,315 shares of the financial services provider’s stock valued at $2,211,963,000 after purchasing an additional 760,522 shares during the period. New England Guild Wealth Advisors Inc. purchased a new position in shares of Willis Towers Watson in the second quarter valued at $202,000. Magnetar Financial LLC purchased a new position in shares of Willis Towers Watson in the second quarter valued at $619,000. Royal Bank of Canada boosted its stake in shares of Willis Towers Watson by 16.0% in the second quarter. Royal Bank of Canada now owns 189,537 shares of the financial services provider’s stock valued at $36,304,000 after purchasing an additional 26,100 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Willis Towers Watson by 16.0% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 262,362 shares of the financial services provider’s stock valued at $50,253,000 after purchasing an additional 36,143 shares during the period. Institutional investors and hedge funds own 92.91% of the company’s stock.

About Willis Towers Watson

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers 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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