Willis Towers Watson Public (WTW) to Release Quarterly Earnings on Thursday

Willis Towers Watson Public (NASDAQ:WTW) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Willis Towers Watson Public to post earnings of $3.22 per share for the quarter. Willis Towers Watson Public has set its FY 2024 guidance at 15.400-17.000 EPS and its FY24 guidance at $15.40-17.00 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings data on Tuesday, February 6th. The company reported $7.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.05 by $0.39. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $6.33 EPS. On average, analysts expect Willis Towers Watson Public to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Willis Towers Watson Public Price Performance

NASDAQ WTW opened at $263.68 on Wednesday. The business’s fifty day moving average price is $271.11 and its 200-day moving average price is $250.67. The stock has a market capitalization of $26.96 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.51 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 1.45. Willis Towers Watson Public has a 1-year low of $195.29 and a 1-year high of $278.86.

Willis Towers Watson Public Increases Dividend

The company 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 represents a $3.52 annualized dividend and a dividend yield of 1.33%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Wednesday, March 27th. Willis Towers Watson Public’s dividend payout ratio is presently 35.13%.

Insiders Place Their Bets

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of the stock in a transaction on 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 approximately $1,134,782.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stifel Nicolaus increased 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. Citigroup raised Willis Towers Watson Public from a “neutral” rating to a “buy” rating and increased their price target for the company from $236.00 to $315.00 in a report on Monday, February 12th. TD Cowen assumed coverage on Willis Towers Watson Public in a report on Wednesday, January 10th. They set an “outperform” rating and a $316.00 price target on the stock. Raymond James reissued an “outperform” rating and set a $315.00 price target (up from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Finally, BMO Capital Markets upgraded Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $236.00 to $298.00 in a research note on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $290.54.

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.