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

Willis Towers Watson Public (NASDAQ:WTW) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 16.000-17.000 for the period, compared to the consensus earnings per share estimate of 16.500. The company issued revenue guidance of $9.9 billion-, compared to the consensus revenue estimate of $9.9 billion. Willis Towers Watson Public also updated its FY24 guidance to $16.00-17.00 EPS.

Willis Towers Watson Public Price Performance

Shares of Willis Towers Watson Public stock traded down $2.89 during trading hours on Friday, hitting $299.30. The company’s stock had a trading volume of 710,112 shares, compared to its average volume of 540,174. The company has a market cap of $30.40 billion, a PE ratio of -41.11, a PEG ratio of 1.90 and a beta of 0.73. The business has a 50 day moving average price of $291.95 and a two-hundred day moving average price of $273.16. Willis Towers Watson Public has a 12-month low of $232.77 and a 12-month high of $308.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.94 and a current ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW) last released its quarterly earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.25. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. Willis Towers Watson Public’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.24 EPS. Analysts expect that Willis Towers Watson Public will post 16.55 earnings per share for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.88 per share. The ex-dividend date was Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.18%. Willis Towers Watson Public’s dividend payout ratio is presently -48.35%.

Analyst Upgrades and Downgrades

WTW has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Willis Towers Watson Public from $321.00 to $334.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Morgan Stanley dropped their price target on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods boosted their price target on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Barclays initiated coverage on Willis Towers Watson Public in a report on Wednesday, September 4th. They issued an “underweight” rating and a $278.00 price target for the company. Finally, Jefferies Financial Group increased their price target on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average 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.