Analysts Expect Willis Towers Watson PLC (WLTW) Will Announce Quarterly Sales of $1.87 Billion
Wall Street analysts expect Willis Towers Watson PLC (NASDAQ:WLTW) to report sales of $1.87 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Willis Towers Watson’s earnings, with the lowest sales estimate coming in at $1.84 billion and the highest estimate coming in at $1.90 billion. Willis Towers Watson reported sales of $1.85 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The company is expected to report its next quarterly earnings report before the market opens on Friday, November 2nd.
On average, analysts expect that Willis Towers Watson will report full-year sales of $8.52 billion for the current year, with estimates ranging from $8.41 billion to $8.59 billion. For the next financial year, analysts expect that the business will post sales of $8.85 billion, with estimates ranging from $8.72 billion to $8.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Willis Towers Watson.
Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Thursday, August 2nd. The financial services provider reported $1.70 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.70. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Willis Towers Watson had a net margin of 5.65% and a return on equity of 9.96%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS.
WLTW stock traded up $1.23 during mid-day trading on Monday, reaching $137.30. The company had a trading volume of 845,096 shares, compared to its average volume of 562,444. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market capitalization of $18.43 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.24 and a beta of 0.87. Willis Towers Watson has a 12 month low of $135.35 and a 12 month high of $165.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Sunday, September 30th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.75%. Willis Towers Watson’s dividend payout ratio is presently 28.20%.
In other news, insider Adam Garrard sold 1,830 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $146.77, for a total transaction of $268,589.10. Following the transaction, the insider now directly owns 13,739 shares in the company, valued at $2,016,473.03. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Management LLC acquired a new stake in Willis Towers Watson in the second quarter valued at approximately $103,000. Advisors Asset Management Inc. boosted its stake in Willis Towers Watson by 3,261.4% in the second quarter. Advisors Asset Management Inc. now owns 28,404 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 27,559 shares in the last quarter. Landaas & Co. WI ADV acquired a new stake in Willis Towers Watson in the second quarter valued at approximately $167,000. Advisor Partners LLC acquired a new stake in Willis Towers Watson in the second quarter valued at approximately $209,000. Finally, Exane Derivatives acquired a new stake in Willis Towers Watson in the second quarter valued at approximately $214,000. Institutional investors own 93.19% of the company’s stock.
Willis Towers Watson Company Profile
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. Its Human Capital and Benefits segment provides actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.
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