Willis Towers Watson (NASDAQ:WLTW) Issues Earnings Results, Beats Expectations By $0.18 EPS

Willis Towers Watson (NASDAQ:WLTW) issued its earnings results on Thursday. The financial services provider reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.18, MarketWatch Earnings reports. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. Willis Towers Watson had a return on equity of 14.32% and a net margin of 11.00%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS.

Shares of NASDAQ WLTW opened at $210.01 on Friday. Willis Towers Watson has a twelve month low of $143.34 and a twelve month high of $220.97. The stock’s 50 day moving average price is $199.90 and its 200-day moving average price is $195.54. The company has a market capitalization of $27.04 billion, a PE ratio of 18.50 and a beta of 0.80. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.57.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.68 dividend. The ex-dividend date was Monday, June 29th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.30%. Willis Towers Watson’s payout ratio is presently 24.82%.

A number of equities analysts have issued reports on WLTW shares. Stifel Nicolaus cut their price target on Willis Towers Watson from $193.00 to $186.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Wells Fargo & Co cut their price target on Willis Towers Watson from $232.00 to $211.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. UBS Group cut their price target on Willis Towers Watson from $218.00 to $212.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. TheStreet downgraded Willis Towers Watson from a “b” rating to a “c+” rating in a research note on Thursday, April 30th. Finally, Citigroup lifted their price target on Willis Towers Watson from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $213.86.

Willis Towers Watson 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.

See Also: Bull Market

Earnings History for Willis Towers Watson (NASDAQ:WLTW)

Receive News & Ratings for Willis Towers Watson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willis Towers Watson and related companies with MarketBeat.com's FREE daily email newsletter.