Willis Towers Watson PLC (WLTW) Expected to Post Quarterly Sales of $2.37 Billion
Wall Street analysts expect Willis Towers Watson PLC (NASDAQ:WLTW) to report $2.37 billion in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Willis Towers Watson’s earnings, with the lowest sales estimate coming in at $2.33 billion and the highest estimate coming in at $2.39 billion. Willis Towers Watson posted sales of $2.29 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The business is expected to announce its next earnings report before the market opens on Wednesday, May 1st.
According to Zacks, analysts expect that Willis Towers Watson will report full year sales of $8.92 billion for the current fiscal year, with estimates ranging from $8.84 billion to $9.08 billion. For the next year, analysts anticipate that the firm will report sales of $9.33 billion, with estimates ranging from $9.10 billion to $9.68 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Willis Towers Watson.
Willis Towers Watson (NASDAQ:WLTW) last issued its earnings results on Thursday, February 7th. The financial services provider reported $4.00 EPS for the quarter, missing the consensus estimate of $4.06 by ($0.06). Willis Towers Watson had a return on equity of 12.44% and a net margin of 8.16%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the business earned $2.21 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year.
NASDAQ WLTW traded up $0.47 during trading hours on Thursday, hitting $181.21. The company had a trading volume of 336,901 shares, compared to its average volume of 530,780. Willis Towers Watson has a 52 week low of $134.50 and a 52 week high of $187.91. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The company has a market cap of $23.41 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.56 and a beta of 0.80.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Willis Towers Watson’s previous quarterly dividend of $0.60. Willis Towers Watson’s dividend payout ratio (DPR) is 26.72%.
In other news, insider Joseph Gunn sold 2,042 shares of Willis Towers Watson stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $168.30, for a total transaction of $343,668.60. Following the completion of the sale, the insider now owns 17,264 shares in the company, valued at approximately $2,905,531.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Garrard sold 3,517 shares of Willis Towers Watson stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $171.71, for a total value of $603,904.07. Following the sale, the insider now owns 5,542 shares of the company’s stock, valued at approximately $951,616.82. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of WLTW. First Hawaiian Bank boosted its position in shares of Willis Towers Watson by 5,000.0% during the 1st quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. We Are One Seven LLC purchased a new position in shares of Willis Towers Watson during the 4th quarter valued at about $32,000. JOYN Advisors Inc. raised its holdings in shares of Willis Towers Watson by 91.9% during the 4th quarter. JOYN Advisors Inc. now owns 286 shares of the financial services provider’s stock valued at $43,000 after buying an additional 137 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Willis Towers Watson by 86.2% during the 4th quarter. Bessemer Group Inc. now owns 324 shares of the financial services provider’s stock valued at $49,000 after buying an additional 150 shares in the last quarter. Finally, Bremer Trust National Association purchased a new position in shares of Willis Towers Watson during the 4th quarter valued at about $87,000. Hedge funds and other institutional investors own 93.57% 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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