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 $16.00-17.00 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 $9.95 billion. Willis Towers Watson Public also updated its FY 2024 guidance to 16.000-17.000 EPS.

Wall Street Analysts Forecast Growth

WTW has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of Willis Towers Watson Public from $317.00 to $318.00 and gave the stock an overweight rating in a report on Thursday, June 20th. Keefe, Bruyette & Woods lowered their price target on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an outperform rating for the company in a report on Monday, May 6th. Morgan Stanley lowered their price target on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an equal weight rating for the company in a report on Wednesday, July 10th. Evercore ISI boosted their price target on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the stock an in-line rating in a report on Friday, April 26th. Finally, Citigroup lowered their price target 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $296.29.

Willis Towers Watson Public Trading Up 0.2 %

Shares of Willis Towers Watson Public stock opened at $267.00 on Thursday. The company has a fifty day simple moving average of $258.70 and a 200-day simple moving average of $261.47. Willis Towers Watson Public has a 12-month low of $195.29 and a 12-month high of $278.86. The stock has a market cap of $27.30 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.51 and a beta of 0.73. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.55.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.21 by $0.08. The firm 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 10.88% and a return on equity of 16.31%. Willis Towers Watson Public’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.84 EPS. On average, equities analysts forecast that Willis Towers Watson Public will post 16.27 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were given a dividend of $0.88 per share. The ex-dividend date was Friday, June 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. Willis Towers Watson Public’s payout ratio is currently 35.31%.

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.