Willis Towers Watson PLC (WLTW) to Post FY2017 Earnings of $8.63 Per Share, Jefferies Group Forecasts
Willis Towers Watson PLC (NASDAQ:WLTW) – Equities research analysts at Jefferies Group decreased their FY2017 EPS estimates for shares of Willis Towers Watson PLC in a research note issued on Friday. Jefferies Group analyst D. Styblo now anticipates that the firm will earn $8.63 per share for the year, down from their previous forecast of $8.71. Jefferies Group has a “Buy” rating and a $150.00 price target on the stock.
Willis Towers Watson PLC (NASDAQ:WLTW) last announced its earnings results on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.01. Willis Towers Watson PLC had a return on equity of 11.66% and a net margin of 6.71%. The firm earned $1.98 billion during the quarter, compared to analyst estimates of $1.98 billion. The firm’s quarterly revenue was up 114.2% on a year-over-year basis.
WLTW has been the topic of several other reports. Credit Suisse Group AG set a $108.00 target price on Willis Towers Watson PLC and gave the stock a “hold” rating in a report on Monday, September 12th. Barclays PLC reissued an “overweight” rating and issued a $148.00 target price on shares of Willis Towers Watson PLC in a report on Monday, September 26th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $128.00 target price on shares of Willis Towers Watson PLC in a report on Friday, September 23rd. Wells Fargo & Co. reissued a “sell” rating on shares of Willis Towers Watson PLC in a report on Friday. Finally, Citigroup Inc. dropped their target price on Willis Towers Watson PLC from $148.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $127.64.
Willis Towers Watson PLC (NASDAQ:WLTW) opened at 131.20 on Monday. Willis Towers Watson PLC has a 1-year low of $104.11 and a 1-year high of $133.40. The stock’s 50 day moving average price is $125.31 and its 200 day moving average price is $123.72. The company has a market cap of $18.11 billion, a P/E ratio of 33.68 and a beta of 0.74.
A number of hedge funds have recently added to or reduced their stakes in WLTW. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Willis Towers Watson PLC during the second quarter valued at about $695,000. Kentucky Retirement Systems bought a new stake in Willis Towers Watson PLC during the second quarter valued at about $1,464,000. Mason Street Advisors LLC bought a new stake in Willis Towers Watson PLC during the second quarter valued at about $2,318,000. Cowen Group Inc. bought a new stake in Willis Towers Watson PLC during the second quarter valued at about $3,172,000. Finally, CI Global Investments Inc. raised its stake in Willis Towers Watson PLC by 33.3% in the second quarter. CI Global Investments Inc. now owns 40,000 shares of the company’s stock valued at $4,972,000 after buying an additional 10,000 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.
In other Willis Towers Watson PLC news, Director Anna C. Catalano sold 390 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $122.00, for a total transaction of $47,580.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicolas Aubert sold 3,149 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $126.65, for a total value of $398,820.85. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, September 28th. Willis Towers Watson PLC’s dividend payout ratio is presently 53.25%.
Willis Towers Watson PLC Company Profile
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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