Willis Towers Watson Public (NASDAQ:WTW) Issues 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.

Willis Towers Watson Public Stock Performance

WTW stock traded down $5.97 during midday trading on Friday, hitting $250.95. The company’s stock had a trading volume of 770,659 shares, compared to its average volume of 468,609. The stock’s 50-day moving average price is $269.96 and its 200 day moving average price is $251.10. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Willis Towers Watson Public has a 1 year low of $195.29 and a 1 year high of $278.86. The stock has a market cap of $25.66 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.51 and a beta of 0.73.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the firm earned $2.84 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that Willis Towers Watson Public will post 16.2 EPS for the current year.

Willis Towers Watson Public Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.40%. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 35.13%.

Analysts Set New Price Targets

Several research firms recently weighed in on WTW. Keefe, Bruyette & Woods lifted their price target 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. Citigroup upgraded Willis Towers Watson Public from a neutral rating to a buy rating and upped their price objective for the company from $236.00 to $315.00 in a research report on Monday, February 12th. BMO Capital Markets upgraded 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 research report on Monday, February 12th. Morgan Stanley boosted their price target 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. Finally, Wells Fargo & Company dropped their price objective on Willis Towers Watson Public from $320.00 to $318.00 and set an overweight rating for the company 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $293.43.

Insider Buying and Selling

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of Willis Towers Watson Public stock in a transaction dated Friday, March 1st. The stock was 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 accessible through this link. 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.