Willis Towers Watson Public (NASDAQ:WTW) Releases FY24 Earnings Guidance

Willis Towers Watson Public (NASDAQ:WTW) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $15.40-17.00 for the period, compared to the consensus estimate of $16.29. The company issued revenue guidance of $9.9 billion, compared to the consensus revenue estimate of $9.99 billion. Willis Towers Watson Public also updated its FY 2024 guidance to 15.400-17.000 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WTW. Raymond James reaffirmed an outperform rating and set a $315.00 price target (up previously from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Citigroup raised shares of Willis Towers Watson Public from a neutral rating to a buy rating and lifted their price target for the company from $236.00 to $315.00 in a research report on Monday, February 12th. Keefe, Bruyette & Woods lifted their price target on shares of Willis Towers Watson Public from $307.00 to $317.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Truist Financial lifted 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, Morgan Stanley lifted their price target on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $293.43.

Willis Towers Watson Public Trading Down 2.3 %

Willis Towers Watson Public stock traded down $5.97 during trading on Friday, hitting $250.95. The company had a trading volume of 770,659 shares, 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 company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.48. The company’s 50 day simple moving average is $269.96 and its 200-day simple moving average is $251.10. The stock has a market cap of $25.66 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 1.51 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.37 billion. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 earnings per share. As a group, analysts expect 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 declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.88 dividend. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, March 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.40%. Willis Towers Watson Public’s payout ratio is 35.13%.

Insiders Place Their Bets

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the transaction, the chief financial officer now owns 4,170 shares in the company, valued at $1,134,782.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

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.