Willis Towers Watson Public (NASDAQ:WTW) Issues 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 Trading Down 5.3 %

NASDAQ WTW opened at $250.42 on Thursday. Willis Towers Watson Public has a 12 month low of $195.29 and a 12 month high of $278.86. The stock has a market cap of $25.61 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.50 and a beta of 0.73. The stock’s fifty day moving average price is $270.90 and its 200-day moving average price is $250.76. 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 announced its quarterly earnings results on Thursday, April 25th. The company reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.07. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.37 billion. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.84 earnings per share. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.88 per share. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s dividend payout ratio is presently 35.13%.

Analyst Ratings Changes

WTW has been the topic of a number of research analyst reports. 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 report on Wednesday, February 7th. Roth Mkm increased their target price on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a buy rating in a report on Wednesday, February 7th. TD Cowen began coverage on Willis Towers Watson Public in a report on Wednesday, January 10th. They issued an outperform rating and a $316.00 target price on the stock. BMO Capital Markets raised Willis Towers Watson Public from an underperform rating to a market perform rating and increased their target price for the company from $236.00 to $298.00 in a report on Monday, February 12th. Finally, Morgan Stanley increased their target price on Willis Towers Watson Public from $248.00 to $270.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $290.54.

Insiders Place Their Bets

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the sale, the chief financial officer now owns 4,170 shares in the company, valued at $1,134,782.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company 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.