Willis Towers Watson (WLTW) Expected to Post Quarterly Sales of $2.33 Billion

Brokerages predict that Willis Towers Watson (NASDAQ:WLTW) will report sales of $2.33 billion for the current quarter, Zacks reports. Seven analysts have made estimates for Willis Towers Watson’s earnings. The highest sales estimate is $2.41 billion and the lowest is $2.15 billion. Willis Towers Watson reported sales of $2.32 billion during the same quarter last year, which would suggest a positive year over year growth rate of 0.4%. The company is scheduled to announce its next earnings results on Thursday, May 3rd.

On average, analysts expect that Willis Towers Watson will report full-year sales of $2.33 billion for the current fiscal year, with estimates ranging from $8.44 billion to $8.52 billion. For the next financial year, analysts forecast that the firm will report sales of $8.77 billion per share, with estimates ranging from $8.65 billion to $8.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Willis Towers Watson.

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Willis Towers Watson (NASDAQ:WLTW) last announced its quarterly 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 net margin of 6.93% and a return on equity of 11.25%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. Willis Towers Watson’s quarterly revenue was up 7.8% on a year-over-year basis.

WLTW has been the topic of several research reports. BidaskClub cut shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Barclays restated a “buy” rating and issued a $172.00 price target on shares of Willis Towers Watson in a research report on Tuesday, January 9th. Wells Fargo restated a “hold” rating and issued a $154.00 price target on shares of Willis Towers Watson in a research report on Wednesday, January 10th. William Blair cut shares of Willis Towers Watson from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Finally, Zacks Investment Research cut shares of Willis Towers Watson from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $170.50.

WLTW traded down $0.15 during trading hours on Monday, hitting $146.00. The company’s stock had a trading volume of 528,018 shares, compared to its average volume of 582,035. Willis Towers Watson has a 12 month low of $125.66 and a 12 month high of $165.00. The stock has a market capitalization of $19,323.40, a PE ratio of 17.16, a P/E/G ratio of 1.20 and a beta of 0.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 1.82.

Willis Towers Watson declared that its board has authorized a share buyback plan on Monday, February 26th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Saturday, March 31st will be given a dividend of $0.60 per share. This is a boost from Willis Towers Watson’s previous quarterly dividend of $0.53. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.64%. Willis Towers Watson’s payout ratio is 28.20%.

In other Willis Towers Watson news, insider Joseph Gunn sold 9,438 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $159.95, for a total transaction of $1,509,608.10. Following the transaction, the insider now owns 22,041 shares in the company, valued at $3,525,457.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of WLTW. FNY Managed Accounts LLC purchased a new stake in shares of Willis Towers Watson during the fourth quarter valued at $149,000. Calton & Associates Inc. purchased a new stake in shares of Willis Towers Watson during the fourth quarter valued at $192,000. Dean Capital Investments Management LLC purchased a new stake in shares of Willis Towers Watson during the fourth quarter valued at $201,000. Capital Wealth Planning LLC purchased a new stake in shares of Willis Towers Watson during the third quarter valued at $204,000. Finally, Advisor Partners LLC purchased a new stake in shares of Willis Towers Watson during the fourth quarter valued at $217,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

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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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