Willis Towers Watson Public (NASDAQ:WTW) Updates FY 2024 Earnings Guidance

Willis Towers Watson Public (NASDAQ:WTW) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 15.400-17.000 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. BMO Capital Markets upgraded shares of Willis Towers Watson Public from an underperform rating to a market perform rating and increased their price target for the company from $236.00 to $298.00 in a research report on Monday, February 12th. Stifel Nicolaus raised their target price on shares of Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a hold 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 raised their target price for the stock from $236.00 to $315.00 in a report on Monday, February 12th. Piper Sandler raised their target price on shares of Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an overweight rating in a report on Friday. Finally, TD Cowen started coverage on shares of Willis Towers Watson Public in a report on Wednesday, January 10th. They issued an outperform rating and a $316.00 target price on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $293.43.

Willis Towers Watson Public Stock Down 2.3 %

Willis Towers Watson Public stock traded down $5.97 on Friday, hitting $250.95. 770,664 shares of the stock traded hands, compared to its average volume of 441,884. The company has a current ratio of 1.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.55. The firm has a market cap of $25.66 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73. The business’s fifty day simple moving average is $269.96 and its 200 day simple moving average is $251.10. 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 quarterly earnings data on Thursday, April 25th. The company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.21 by $0.08. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 earnings per share. As a group, sell-side analysts forecast that Willis Towers Watson Public will post 16.25 earnings per share for the current year.

Willis Towers Watson Public Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. Willis Towers Watson Public’s payout ratio is currently 35.31%.

Insider Transactions at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,100 shares of Willis Towers Watson Public stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the transaction, 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 SEC, which is available through the SEC website. 0.22% of the stock is owned by insiders.

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.