Willis Towers Watson Public (NASDAQ:WTW) Announces Earnings Results

Willis Towers Watson Public (NASDAQ:WTW) announced its earnings results on Thursday. The company reported $2.55 earnings per share (EPS) 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 business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm posted $2.05 earnings per share. The business’s revenue for the quarter 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 Trading Up 2.0 %

Shares of NASDAQ WTW traded up $5.49 during midday trading on Friday, hitting $283.09. The company’s stock had a trading volume of 713,853 shares, compared to its average volume of 453,442. 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 cap of $28.94 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73. The business’s 50 day moving average is $259.12 and its two-hundred day moving average is $261.58. Willis Towers Watson Public has a 12-month low of $195.29 and a 12-month high of $283.49.

Willis Towers Watson Public Announces Dividend

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

Analysts Set New Price Targets

WTW has been the topic of several analyst reports. Wells Fargo & Company lifted 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. Keefe, Bruyette & Woods cut 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. Truist Financial raised their target price on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm lifted their price target on shares of Willis Towers Watson Public from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley reduced their price objective on shares of 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 equities research 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, the stock has an average rating of “Moderate Buy” and an average target price of $299.36.

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.