Willis Towers Watson (NASDAQ:WLTW) Posts Quarterly Earnings Results

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Willis Towers Watson (NASDAQ:WLTW) released its earnings results on Wednesday, July 31st. The financial services provider reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.02, Briefing.com reports. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. Willis Towers Watson had a return on equity of 13.00% and a net margin of 9.86%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. Willis Towers Watson updated its FY 2019 guidance to $10.75-11.10 EPS and its FY19 guidance to $10.75-11.10 EPS.

Shares of Willis Towers Watson stock opened at $190.46 on Friday. Willis Towers Watson has a twelve month low of $134.50 and a twelve month high of $200.93. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $24.89 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.67 and a beta of 0.82. The business’s 50 day simple moving average is $195.43 and its 200-day simple moving average is $181.58.

Several equities research analysts have commented on WLTW shares. SunTrust Banks upped their price target on Willis Towers Watson from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Barclays set a $235.00 price target on Willis Towers Watson and gave the company a “buy” rating in a report on Monday. UBS Group increased their price target on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. ValuEngine downgraded Willis Towers Watson from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Morgan Stanley reduced their target price on Willis Towers Watson from $215.00 to $209.00 and set an “overweight” rating on the stock in a report on Thursday. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $201.33.

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank increased its position in Willis Towers Watson by 5,000.0% in 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 period. Investors Research Corp acquired a new stake in Willis Towers Watson in the 1st quarter valued at approximately $27,000. Clean Yield Group acquired a new stake in Willis Towers Watson in the 2nd quarter valued at approximately $28,000. Redhawk Wealth Advisors Inc. acquired a new stake in Willis Towers Watson in the 2nd quarter valued at approximately $31,000. Finally, Private Ocean LLC acquired a new position in shares of Willis Towers Watson during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 92.04% of the company’s stock.

About Willis Towers Watson

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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Earnings History for Willis Towers Watson (NASDAQ:WLTW)

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