Towers Watson and Co (TW) Releases FY13 Earnings Guidance
Towers Watson and Co (TW) updated its FY13 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $5.10-5.20 for the period. Towers Watson and also updated its Q1 guidance to $1.05-1.10 EPS.
TW has been the subject of a number of recent research reports. Analysts at William Blair reiterated an outperform rating on shares of Towers Watson and in a research note to investors on Wednesday, August 15th. On a related note, analysts at Goldman Sachs cut their price target on shares of Towers Watson and from $63.00 to $57.00 in a research note to investors on Wednesday, August 15th. They now have a neutral rating on the stock. Finally, analysts at Citigroup cut their EPS estimates on shares of Towers Watson and in a research note on Wednesday. They now have a buy rating and a $65.00 price target on the stock. They previously had a $75.00 price target on the stock.
Shares of Towers Watson and Co (TW) traded up 0.04% during mid-day trading on Friday, hitting $53.95. Towers Watson and Co (TW) has a 52 week low of $50.57 and a 52 week high of $68.18. The company has a market cap of $3.858 billion and a P/E ratio of 15.02.
Towers Watson and last announced its earnings results on Tuesday, August 14th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.24 by $0.01. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts predict that Towers Watson and Co (TW) will post $0.00 earnings per share for the current fiscal year.
Towers Watson & Co (Towers Watson) is a global professional services company. The Company offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management.
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