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

Willis Towers Watson Public (NASDAQ:WTW) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $16.00-17.00 for the period, compared to the consensus estimate of $16.33. The company issued revenue guidance of $9.9 billion or greater, compared to the consensus revenue estimate of $9.89 billion. Willis Towers Watson Public also updated its FY 2024 guidance to 16.000-17.000 EPS.

Willis Towers Watson Public Price Performance

Shares of NASDAQ:WTW traded up $10.19 on Thursday, hitting $303.73. The company’s stock had a trading volume of 164,255 shares, compared to its average volume of 463,087. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The company has a 50-day simple moving average of $291.26 and a 200 day simple moving average of $272.67. The company has a market capitalization of $30.85 billion, a PE ratio of 28.09, a PEG ratio of 1.83 and a beta of 0.74. Willis Towers Watson Public has a 1 year low of $232.77 and a 1 year high of $308.87.

Willis Towers Watson Public Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.88 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.16%. Willis Towers Watson Public’s dividend payout ratio is presently 33.68%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley reduced their target price on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Truist Financial boosted their price target on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Roth Mkm boosted their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Willis Towers Watson Public presently has a consensus rating of “Hold” and an average target price of $309.47.

Willis Towers Watson Public Company Profile

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.