Willis Towers Watson PLC (WLTW) Expected to Announce Quarterly Sales of $2.39 Billion

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.

WLTW has been the topic of several research reports. ValuEngine raised Willis Towers Watson from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $167.00 target price on shares of Willis Towers Watson in a research report on Friday, November 3rd. Barclays reaffirmed a “buy” rating and issued a $172.00 target price on shares of Willis Towers Watson in a research report on Tuesday, January 9th. BidaskClub lowered Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus upped their target price on Willis Towers Watson from $175.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $166.75.

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

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