Willis Towers Watson Public Limited Company (WLTW) Updates FY17 Earnings Guidance
Willis Towers Watson Public Limited Company (NASDAQ:WLTW) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $8.36-8.51 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.43.
A number of research analysts recently commented on the stock. Wells Fargo & Company upgraded shares of Willis Towers Watson Public Limited from an underperform rating to a market perform rating in a research note on Friday. BidaskClub lowered shares of Willis Towers Watson Public Limited from a strong-buy rating to a buy rating in a research note on Tuesday. Barclays PLC upped their price target on shares of Willis Towers Watson Public Limited from $171.00 to $174.00 and gave the company an overweight rating in a research note on Monday, October 16th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $164.00 price target on shares of Willis Towers Watson Public Limited in a research note on Thursday, October 12th. Finally, SunTrust Banks, Inc. reiterated a buy rating and issued a $182.00 price target on shares of Willis Towers Watson Public Limited in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $155.80.
Willis Towers Watson Public Limited Company (NASDAQ:WLTW) traded down $1.32 during midday trading on Friday, reaching $159.59. 748,474 shares of the company’s stock were exchanged, compared to its average volume of 689,964. The stock has a market capitalization of $21,198.84, a P/E ratio of 19.30 and a beta of 0.91.
Willis Towers Watson Public Limited (NASDAQ:WLTW) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). Willis Towers Watson Public Limited had a return on equity of 10.93% and a net margin of 4.43%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company posted $1.04 EPS. The business’s revenue was up 4.0% on a year-over-year basis. research analysts predict that Willis Towers Watson Public Limited Company will post 8.43 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Thursday, September 28th. Willis Towers Watson Public Limited’s dividend payout ratio (DPR) is presently 81.85%.
In other news, Director Brendan R. Oneill sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $150.92, for a total transaction of $754,600.00. Following the completion of the sale, the director now owns 17,302 shares of the company’s stock, valued at approximately $2,611,217.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey W. Ubben sold 820,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $149.59, for a total transaction of $122,663,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,845,295 shares of company stock valued at $728,949,063. 6.70% of the stock is currently owned by insiders.
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About Willis Towers Watson Public Limited
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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