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

Willis Towers Watson Public (NASDAQ:WTW) updated its FY24 earnings guidance on Thursday. 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.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets upgraded shares of Willis Towers Watson Public from an underperform rating to a market perform rating and lifted their price target for the company from $236.00 to $298.00 in a report on Monday, February 12th. Roth Mkm lifted their target price on shares of Willis Towers Watson Public from $275.00 to $300.00 and gave the company a buy rating in a report on Wednesday, February 7th. Citigroup upgraded shares of Willis Towers Watson Public from a neutral rating to a buy rating and lifted their target price for the company from $236.00 to $315.00 in a report on Monday, February 12th. Raymond James restated an outperform rating and set a $315.00 target price (up previously from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Finally, TD Cowen began coverage on shares of Willis Towers Watson Public in a report on Wednesday, January 10th. They set an outperform rating and a $316.00 target price on the stock. Six equities research 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.com, Willis Towers Watson Public presently has a consensus rating of Moderate Buy and a consensus price target of $293.43.

Willis Towers Watson Public Stock Down 2.3 %

Willis Towers Watson Public stock traded down $5.97 during midday trading on Friday, hitting $250.95. 770,659 shares of the stock were exchanged, compared to its average volume of 468,609. Willis Towers Watson Public has a 1 year low of $195.29 and a 1 year high of $278.86. The firm has a market cap of $25.66 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.51 and a beta of 0.73. 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 50 day moving average price of $269.96 and a two-hundred day moving average price of $251.10.

Willis Towers Watson Public (NASDAQ:WTW) last released its earnings results on Thursday, April 25th. The company reported $3.29 earnings per share 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 the consensus estimate of $2.37 billion. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.84 EPS. On average, sell-side analysts predict that Willis Towers Watson Public will post 16.2 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a $0.88 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.40%. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. Willis Towers Watson Public’s payout ratio is presently 35.13%.

Insider Transactions at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the sale, the chief financial officer now owns 4,170 shares of the company’s stock, valued at approximately $1,134,782.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.