Equities analysts expect Willis Towers Watson PLC (NASDAQ:WLTW) to report earnings of $4.00 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Willis Towers Watson’s earnings, with estimates ranging from $3.69 to $4.27. Willis Towers Watson posted earnings of $3.71 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The business is scheduled to report its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Willis Towers Watson will report full year earnings of $9.86 per share for the current year, with EPS estimates ranging from $9.45 to $10.10. For the next year, analysts anticipate that the firm will post earnings of $10.86 per share, with EPS estimates ranging from $10.55 to $11.12. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Willis Towers Watson.
Willis Towers Watson (NASDAQ:WLTW) last announced its earnings results on Thursday, February 8th. The financial services provider reported $2.21 EPS for the quarter, topping the consensus estimate of $2.11 by $0.10. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Willis Towers Watson had a return on equity of 11.25% and a net margin of 6.93%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 earnings per share.
In other Willis Towers Watson news, insider Joseph Gunn sold 9,438 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $159.95, for a total value of $1,509,608.10. Following the transaction, the insider now owns 22,041 shares of the company’s stock, valued at $3,525,457.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC acquired a new position in Willis Towers Watson in the fourth quarter valued at about $149,000. Calton & Associates Inc. acquired a new position in Willis Towers Watson in the fourth quarter valued at about $192,000. Dean Capital Investments Management LLC acquired a new position in Willis Towers Watson in the fourth quarter valued at about $201,000. Capital Wealth Planning LLC acquired a new position in Willis Towers Watson in the third quarter valued at about $204,000. Finally, Advisor Partners LLC acquired a new position in Willis Towers Watson in the fourth quarter valued at about $217,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Willis Towers Watson (NASDAQ WLTW) opened at $162.39 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $21,701.97, a price-to-earnings ratio of 38.85, a PEG ratio of 1.63 and a beta of 0.88. Willis Towers Watson has a 1-year low of $125.66 and a 1-year high of $165.00.
Willis Towers Watson declared that its board has authorized a stock repurchase plan on Monday, February 26th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Saturday, March 31st will be paid a $0.60 dividend. This is a positive change from Willis Towers Watson’s previous quarterly dividend of $0.53. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 annualized dividend and a yield of 1.48%. Willis Towers Watson’s dividend payout ratio is presently 50.72%.
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About Willis Towers Watson
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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