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 (EPS) guidance of 16.000-17.000 for the period, compared to the consensus estimate of 16.270. 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 $16.00-17.00 EPS.

Analysts Set New Price Targets

A number of brokerages have weighed in on WTW. Piper Sandler boosted their price target on Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Roth Mkm lifted 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. Morgan Stanley lowered their price target on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an equal weight rating for the company in a report on Wednesday, July 10th. Bank of America raised Willis Towers Watson Public from an underperform rating to a neutral rating and raised their target price for the stock from $272.00 to $304.00 in a research report on Wednesday, May 22nd. Finally, 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Willis Towers Watson Public presently has a consensus rating of Moderate Buy and an average price target of $299.36.

Willis Towers Watson Public Stock Performance

Shares of WTW stock opened at $283.09 on Friday. Willis Towers Watson Public has a 52 week low of $195.29 and a 52 week high of $283.49. The firm’s 50-day simple moving average is $259.63 and its two-hundred day simple moving average is $262.02. The firm has a market cap of $28.94 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.60 and a beta of 0.73. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.89 and a current ratio of 1.94.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. Willis Towers Watson Public’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. As a group, equities analysts forecast that Willis Towers Watson Public will post 16.45 earnings per share for the current year.

Willis Towers Watson Public Dividend Announcement

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

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.