Willis Towers Watson Public (NASDAQ:WTW) Releases FY 2024 Earnings Guidance

Willis Towers Watson Public (NASDAQ:WTW) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 15.400-17.000 for the period, compared to the consensus EPS estimate of 16.300. The company issued revenue guidance of $9.9 billion-, compared to the consensus revenue estimate of $10.0 billion. Willis Towers Watson Public also updated its FY24 guidance to $15.40-17.00 EPS.

Willis Towers Watson Public Price Performance

WTW stock traded down $5.97 on Friday, hitting $250.95. 770,659 shares of the company’s stock traded hands, compared to its average volume of 468,609. Willis Towers Watson Public has a 1-year low of $195.29 and a 1-year high of $278.86. The stock has a market cap of $25.66 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 1.51 and a beta of 0.73. The stock has a fifty day moving average of $269.96 and a 200-day moving average of $251.10. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.48.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.21 by $0.08. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the business earned $2.84 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts forecast that Willis Towers Watson Public will post 16.2 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a dividend of $0.88 per share. The ex-dividend date was Wednesday, March 27th. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 annualized dividend and a yield of 1.40%. Willis Towers Watson Public’s dividend payout ratio is currently 35.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WTW shares. Stifel Nicolaus upped their price target on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the company a hold rating in a research report on Wednesday, February 7th. Citigroup upgraded shares of Willis Towers Watson Public from a neutral rating to a buy rating and upped their price target for the company from $236.00 to $315.00 in a research report on Monday, February 12th. Evercore ISI upped their price target on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an in-line rating in a research report on Friday. Truist Financial upped their price target on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets upgraded shares of Willis Towers Watson Public from an underperform rating to a market perform rating and upped their price target for the company from $236.00 to $298.00 in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Willis Towers Watson Public has a consensus rating of Moderate Buy and a consensus target price of $293.43.

Insider Transactions at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $272.13, for a total transaction of $299,343.00. Following the transaction, the chief financial officer now owns 4,170 shares in the company, valued at approximately $1,134,782.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.22% of the stock is currently owned by company insiders.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.