Towers Watson & Co. (TW) Releases Quarterly Earnings Results
Towers Watson & Co. (NYSE:TW) posted its quarterly earnings results on Thursday. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.36 by $0.04, AnalystRatings.Net reports. The company had revenue of $888.00 million for the quarter, compared to the consensus estimate of $913.60 million.
A number of research firms have recently commented on TW. 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $121.87.
Shares of Towers Watson & Co. (NYSE:TW) opened at 114.45 on Thursday. Towers Watson & Co. has a 52-week low of $62.61 and a 52-week high of $131.73. The stock has a 50-day moving average of $124.4 and a 200-day moving average of $107.6. The company has a market cap of $8.119 billion and a price-to-earnings ratio of 23.32.
Towers Watson & Co (NYSE:TW) is a global professional services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.