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 Ratings Changes

Several research firms have recently commented on WTW. BMO Capital Markets raised shares of Willis Towers Watson Public from an underperform rating to a market perform rating and upped their price objective for the company from $236.00 to $298.00 in a report on Monday, February 12th. TD Cowen initiated coverage on shares of Willis Towers Watson Public in a report on Wednesday, January 10th. They set an outperform rating and a $316.00 price objective on the stock. Raymond James reiterated an outperform rating and issued a $315.00 target price (up from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Truist Financial increased their target price 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, Stifel Nicolaus increased their target price 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public currently has an average rating of Moderate Buy and an average price target of $293.43.

Willis Towers Watson Public Trading Down 2.3 %

WTW stock traded down $5.97 during mid-day trading on Friday, hitting $250.95. 770,664 shares of the company were exchanged, compared to its average volume of 441,884. The company has a quick ratio of 1.45, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $25.66 billion, a P/E ratio of 25.17, a PEG ratio of 1.46 and a beta of 0.73. The business has a fifty day simple moving average of $269.96 and a 200-day simple moving average of $251.10. Willis Towers Watson Public has a 12-month low of $195.29 and a 12-month high of $278.86.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data 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 10.88% and a return on equity of 16.31%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the firm posted $2.84 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Willis Towers Watson Public will post 16.25 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.88 dividend. This is a positive change 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 dividend payout ratio (DPR) is presently 35.31%.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,134,782.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.22% of the company’s stock.

About Willis Towers Watson Public

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.