Towers Watson & Co. (TW) Issues FY14 Earnings Guidance
Towers Watson & Co. (NYSE:TW) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $5.55-5.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.68, American Banking News reports. The company issued revenue guidance of ~$3.5 billion, compared to the consensus revenue estimate of $3.54 billion.Towers Watson & Co. also updated its Q3 guidance to $1.45-1.50 EPS.
A number of analysts have recently weighed in on TW shares. Analysts at Credit Suisse upgraded shares of Towers Watson & Co. from a neutral rating to an outperform rating in a research note to investors on Monday, January 13th. On a related note, analysts at Zacks downgraded shares of Towers Watson & Co. from an outperform rating to a neutral rating in a research note to investors on Wednesday, January 8th. They now have a $130.10 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Towers Watson & Co. in a research note to investors on Wednesday, December 18th. They set a buy rating and a $138.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $121.87.
Towers Watson & Co. (NYSE:TW) opened at 107.275 on Thursday. Towers Watson & Co. has a 52-week low of $62.61 and a 52-week high of $131.73. The stock’s 50-day moving average is $124.4 and its 200-day moving average is $107.6. The company has a market cap of $7.610 billion and a price-to-earnings ratio of 23.29.
Towers Watson & Co. (NYSE:TW) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.04. The company had revenue of $888.00 million for the quarter, compared to the consensus estimate of $913.60 million. During the same quarter in the prior year, the company posted $1.48 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts expect that Towers Watson & Co. will post $5.69 EPS for the current fiscal year.
Towers Watson & Co (NYSE:TW) is a global professional services company.
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