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 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.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial raised their price target on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. TD Cowen assumed coverage on shares of Willis Towers Watson Public in a research note on Wednesday, January 10th. They issued an outperform rating and a $316.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Willis Towers Watson Public from $320.00 to $318.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Morgan Stanley raised their target price on shares of 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. Finally, Evercore ISI raised their target price on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an in-line rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price 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 stock had a trading volume of 770,659 shares, compared to its average volume of 468,609. Willis Towers Watson Public has a one year low of $195.29 and a one year high of $278.86. The company has a market capitalization of $25.66 billion, a P/E ratio of 25.04, a PEG ratio of 1.51 and a beta of 0.73. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $269.96 and its 200 day simple moving average is $251.10.

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, topping the consensus estimate of $3.21 by $0.08. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.84 EPS. As a group, research analysts expect that Willis Towers Watson Public will post 16.2 EPS for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.40%. This is an increase 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 presently 35.13%.

Insider Buying and Selling at Willis Towers Watson Public

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 shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

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.