Equities research analysts forecast that Willis Towers Watson PLC (NASDAQ:WLTW) will post $2.39 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Willis Towers Watson’s earnings. The highest sales estimate is $2.42 billion and the lowest is $2.36 billion. Willis Towers Watson posted sales of $2.32 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Willis Towers Watson will report full-year sales of $2.39 billion for the current year, with estimates ranging from $8.32 billion to $8.41 billion. For the next year, analysts expect that the company will post sales of $8.67 billion per share, with estimates ranging from $8.59 billion to $8.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Willis Towers Watson.
Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Thursday, February 8th. The financial services provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.10. Willis Towers Watson had a return on equity of 10.93% and a net margin of 4.43%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm posted $1.88 EPS. The business’s revenue was up 7.8% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of Willis Towers Watson by 30.2% during the 2nd quarter. Advisor Group Inc. now owns 699 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 162 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Willis Towers Watson during the 4th quarter valued at about $149,000. Calton & Associates Inc. acquired a new position in shares of Willis Towers Watson during the 4th quarter valued at about $192,000. Capital Wealth Planning LLC acquired a new position in shares of Willis Towers Watson during the 3rd quarter valued at about $204,000. Finally, Dean Capital Investments Management LLC acquired a new position in shares of Willis Towers Watson during the 4th quarter valued at about $201,000. 94.25% of the stock is currently owned by institutional investors and hedge funds.
Willis Towers Watson (WLTW) opened at $152.14 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.97 and a quick ratio of 1.97. Willis Towers Watson has a 52-week low of $121.19 and a 52-week high of $165.00. The firm has a market capitalization of $20,780.27, a PE ratio of 58.74, a price-to-earnings-growth ratio of 1.58 and a beta of 0.90.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, December 28th. Willis Towers Watson’s dividend payout ratio is 81.85%.
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Willis Towers Watson 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.
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