Willis Towers Watson (NASDAQ:WLTW) issued its earnings results on Thursday. The financial services provider reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.18, MarketWatch Earnings reports. Willis Towers Watson had a net margin of 11.00% and a return on equity of 14.32%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. Willis Towers Watson’s revenue for the quarter was up 3.2% on a year-over-year basis.
Shares of WLTW traded down $1.48 during midday trading on Friday, hitting $210.01. The stock had a trading volume of 561,064 shares, compared to its average volume of 488,689. Willis Towers Watson has a 1 year low of $143.34 and a 1 year high of $220.97. The firm has a market cap of $27.23 billion, a PE ratio of 26.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.62 and a quick ratio of 1.60. The stock’s 50 day moving average is $199.90 and its 200 day moving average is $195.54.
The company 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. This represents a $2.72 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, June 29th. Willis Towers Watson’s dividend payout ratio is currently 24.82%.
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.
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