Willis Towers Watson Public (NASDAQ:WTW) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Willis Towers Watson Public (NASDAQ:WTW) posted its quarterly earnings data on Thursday. The company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.27, Briefing.com reports. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company posted $2.05 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Willis Towers Watson Public updated its FY 2024 guidance to 16.000-17.000 EPS and its FY24 guidance to $16.00-17.00 EPS.

Willis Towers Watson Public Stock Performance

WTW stock traded up $5.49 during midday trading on Friday, reaching $283.09. 713,853 shares of the company’s stock traded hands, compared to its average volume of 453,442. The company has a 50-day moving average price of $259.63 and a two-hundred day moving average price of $261.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.89 and a current ratio of 1.89. Willis Towers Watson Public has a 52 week low of $195.29 and a 52 week high of $283.49. The firm has a market capitalization of $28.94 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73.

Willis Towers Watson Public Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Sunday, June 30th were issued a $0.88 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.24%. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered 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 report on Monday, May 6th. Wells Fargo & Company boosted their target price on Willis Towers Watson Public from $318.00 to $321.00 and gave the company an “overweight” rating in a research report on Friday. Truist Financial boosted their target price on Willis Towers Watson Public from $310.00 to $335.00 and gave the company a “buy” rating in a research report on Friday. Roth Mkm boosted their target price on Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday. Finally, Citigroup decreased their target price on Willis Towers Watson Public from $315.00 to $312.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.36.

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.