Willis Towers Watson Public (NASDAQ:WTW) Releases 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 $16.29. 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

Several equities research analysts recently issued reports on the company. Raymond James reiterated an outperform rating and set a $315.00 price target (up previously from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Evercore ISI upped their price objective on Willis Towers Watson Public from $290.00 to $295.00 and gave the company an in-line rating in a research note on Friday, April 26th. Citigroup reduced their price objective on Willis Towers Watson Public from $315.00 to $312.00 and set a buy rating for the company in a research note on Monday, April 29th. Keefe, Bruyette & Woods reduced their price objective on Willis Towers Watson Public from $317.00 to $311.00 and set an outperform rating for the company in a research note on Monday, May 6th. Finally, Morgan Stanley reduced their price objective on Willis Towers Watson Public from $275.00 to $272.00 and set an equal weight rating for the company in a research note on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $296.29.

Willis Towers Watson Public Stock Performance

Shares of WTW stock traded up $10.60 on Thursday, hitting $277.60. 996,242 shares of the stock were exchanged, compared to its average volume of 451,608. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $28.38 billion, a PE ratio of 27.84, a P/E/G ratio of 1.51 and a beta of 0.73. Willis Towers Watson Public has a one year low of $195.29 and a one year high of $281.00. The firm’s 50 day moving average is $259.12 and its two-hundred day moving average is $261.58.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Thursday, April 25th. The company reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.84 EPS. Sell-side analysts expect that Willis Towers Watson Public will post 16.27 earnings per share for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Sunday, June 30th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.27%. Willis Towers Watson Public’s dividend payout ratio (DPR) is 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.