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 guidance of 16.000-17.000 for the period, compared to the consensus earnings per share estimate of 16.270. 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 $16.00-17.00 EPS.

Willis Towers Watson Public Stock Up 2.0 %

NASDAQ WTW traded up $5.49 during trading on Friday, hitting $283.09. The company’s stock had a trading volume of 713,827 shares, compared to its average volume of 453,441. Willis Towers Watson Public has a fifty-two week low of $195.29 and a fifty-two week high of $283.49. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market cap of $28.94 billion, a PE ratio of 28.26, a P/E/G ratio of 1.52 and a beta of 0.73. The business’s 50 day simple moving average is $259.12 and its 200-day simple moving average is $261.58.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.28 by $0.27. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Willis Towers Watson Public will post 16.27 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Sunday, June 30th were issued a dividend of $0.88 per share. The ex-dividend date was Friday, June 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.24%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup cut their price objective on shares of Willis Towers Watson Public from $315.00 to $312.00 and set a buy rating for the company in a report on Monday, April 29th. Piper Sandler increased their target price on Willis Towers Watson Public from $297.00 to $303.00 and gave the company an overweight rating in a research report on Friday, April 26th. Keefe, Bruyette & Woods dropped their price target on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an outperform rating on the stock in a research note on Monday, May 6th. Evercore ISI upped their price objective on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the stock an in-line rating in a research report on Friday, April 26th. Finally, Bank of America raised shares of Willis Towers Watson Public from an underperform rating to a neutral rating and raised their price target for the company from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $299.36.

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.