Wall Street brokerages expect Willis Towers Watson Public Limited (NASDAQ:WLTW) to report $2.24 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Willis Towers Watson Public’s earnings, with the lowest sales estimate coming in at $2.18 billion and the highest estimate coming in at $2.37 billion. Willis Towers Watson Public posted sales of $2.11 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The firm is expected to issue its next quarterly earnings results on Thursday, July 29th.
According to Zacks, analysts expect that Willis Towers Watson Public will report full year sales of $9.88 billion for the current year, with estimates ranging from $9.74 billion to $10.10 billion. For the next financial year, analysts forecast that the business will post sales of $10.39 billion, with estimates ranging from $10.17 billion to $10.61 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Willis Towers Watson Public.
Willis Towers Watson Public (NASDAQ:WLTW) last issued its quarterly earnings data on Thursday, April 29th. The financial services provider reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.36. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.50 billion. Willis Towers Watson Public had a net margin of 15.03% and a return on equity of 14.34%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.34 earnings per share.
Shares of WLTW stock traded down $0.62 on Tuesday, hitting $256.88. The company’s stock had a trading volume of 18,028 shares, compared to its average volume of 1,000,165. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 2.27. The firm has a market cap of $33.13 billion, a PE ratio of 23.54 and a beta of 0.81. Willis Towers Watson Public has a fifty-two week low of $179.31 and a fifty-two week high of $271.87. The firm’s fifty day moving average price is $252.28.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Monday, May 31st will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, May 27th. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.31. Willis Towers Watson Public’s dividend payout ratio (DPR) is 24.27%.
A number of institutional investors and hedge funds have recently bought and sold shares of WLTW. Twin Tree Management LP purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at $30,000. SkyView Investment Advisors LLC increased its stake in Willis Towers Watson Public by 382.8% during the 1st quarter. SkyView Investment Advisors LLC now owns 140 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. Trustcore Financial Services LLC acquired a new stake in shares of Willis Towers Watson Public during the first quarter worth $34,000. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter valued at $43,000. Finally, Heritage Wealth Advisors increased its position in shares of Willis Towers Watson Public by 36.0% in the 1st quarter. Heritage Wealth Advisors now owns 189 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 50 shares during the period. 89.05% of the stock is owned by institutional investors.
Willis Towers Watson Public Company Profile
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers 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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