Willis Towers Watson Public (NASDAQ:WTW) Updates FY24 Earnings Guidance

Willis Towers Watson Public (NASDAQ:WTW) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $15.40-17.00 for the period, compared to the consensus earnings per share estimate of $16.29. The company issued revenue guidance of $9.9 billion, compared to the consensus revenue estimate of $9.99 billion. Willis Towers Watson Public also updated its FY 2024 guidance to 15.400-17.000 EPS.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW traded down $5.97 during mid-day trading on Friday, hitting $250.95. 770,659 shares of the company’s stock traded hands, compared to its average volume of 468,609. The company’s 50-day moving average is $269.96 and its two-hundred day moving average is $251.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 1.45. 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. Willis Towers Watson Public has a 1 year low of $195.29 and a 1 year high of $278.86.

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

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend 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 is currently 35.13%.

Analyst Ratings Changes

WTW has been the topic of several recent research reports. Wells Fargo & Company decreased their target price on shares of Willis Towers Watson Public from $320.00 to $318.00 and set an overweight rating on the stock in a research report on Thursday, April 11th. Raymond James reissued an outperform rating and issued a $315.00 price objective (up from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Piper Sandler increased their price objective on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an overweight rating in a research report on Friday. Evercore ISI increased 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. Finally, Morgan Stanley increased their price objective on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $293.43.

Insiders Place Their Bets

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the stock in a transaction that occurred 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 in the company, valued at $1,134,782.10. The transaction was disclosed in a legal filing with the SEC, which is available 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.