Willis Towers Watson Public (NASDAQ:WTW) Updates 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 earnings per share guidance of 15.400-17.000 for the period, compared to the consensus earnings per share 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

Shares of NASDAQ:WTW traded down $5.97 during trading on Friday, reaching $250.95. The stock had a trading volume of 770,664 shares, compared to its average volume of 441,884. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.45 and a current ratio of 1.89. The business has a fifty day moving average price of $269.96 and a 200-day moving average price of $251.10. The stock has a market cap of $25.66 billion, a PE ratio of 25.17, a PEG ratio of 1.46 and a beta of 0.73. Willis Towers Watson Public has a 1-year low of $195.29 and a 1-year high of $278.86.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, April 25th. The company reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.84 earnings per share. On average, equities analysts forecast that Willis Towers Watson Public will post 16.25 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. Willis Towers Watson Public’s payout ratio is 35.31%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Piper Sandler boosted their price objective on Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an overweight rating in a research note on Friday. Roth Mkm boosted their price objective on Willis Towers Watson Public from $275.00 to $300.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Stifel Nicolaus upped their price target on Willis Towers Watson Public from $236.00 to $268.00 and gave the company a hold rating in a research note on Wednesday, February 7th. Truist Financial upped their price target on Willis Towers Watson Public from $275.00 to $310.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company decreased their price target on Willis Towers Watson Public from $320.00 to $318.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. 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 data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $293.43.

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 that occurred 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 completion of the transaction, the chief financial officer now owns 4,170 shares in the company, valued at approximately $1,134,782.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.