Willis Towers Watson Public (NASDAQ:WTW) Releases FY 2024 Earnings Guidance

Willis Towers Watson Public (NASDAQ:WTW) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 15.400-17.000 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on Willis Towers Watson Public from $320.00 to $318.00 and set an overweight rating for the company in a research report on Thursday, April 11th. Piper Sandler boosted their target price on Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an overweight rating in a research report on Friday. Morgan Stanley boosted their price objective on 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. Keefe, Bruyette & Woods boosted their price objective on 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. Finally, Truist Financial boosted their price objective on 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. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Willis Towers Watson Public presently has an average rating of Moderate Buy and an average price target of $293.43.

Willis Towers Watson Public Stock Down 2.3 %

Shares of NASDAQ WTW traded down $5.97 during trading on Friday, reaching $250.95. The company had a trading volume of 770,664 shares, compared to its average volume of 441,884. 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 $25.66 billion, a PE ratio of 25.17, a P/E/G ratio of 1.42 and a beta of 0.73. The business’s 50-day moving average is $269.96 and its 200 day moving average is $251.39. The company has a quick ratio of 1.45, a current ratio of 1.89 and a debt-to-equity ratio of 0.55.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the firm posted $2.84 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Willis Towers Watson Public will post 16.27 earnings per share 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 1.40%. The ex-dividend date of this dividend was Wednesday, March 27th. Willis Towers Watson Public’s dividend payout ratio is presently 35.31%.

Insider Activity

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $272.13, for a total transaction of $299,343.00. Following the transaction, the chief financial officer now directly owns 4,170 shares of the company’s stock, valued at $1,134,782.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.