Willis Towers Watson Public (NASDAQ:WTW) Issues FY24 Earnings Guidance

Willis Towers Watson Public (NASDAQ:WTW) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $16.00-17.00 for the period, compared to the consensus earnings per share estimate of $16.33. The company issued revenue guidance of $9.9 billion or greater, compared to the consensus revenue estimate of $9.89 billion. Willis Towers Watson Public also updated its FY 2024 guidance to 16.000-17.000 EPS.

Analyst Upgrades and Downgrades

WTW has been the topic of a number of research reports. Morgan Stanley dropped their price target on 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. Truist Financial boosted their price target on Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company increased their price objective on shares of Willis Towers Watson Public from $321.00 to $334.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Barclays began coverage on shares of Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 target price for the company. Finally, UBS Group upgraded shares of Willis Towers Watson Public to a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $309.47.

Willis Towers Watson Public Price Performance

WTW traded down $2.89 on Friday, hitting $299.30. 710,112 shares of the company’s stock traded hands, compared to its average volume of 540,174. Willis Towers Watson Public has a one year low of $232.77 and a one year high of $308.87. The company has a current ratio of 1.72, a quick ratio of 1.94 and a debt-to-equity ratio of 0.70. The firm has a market cap of $30.40 billion, a price-to-earnings ratio of -41.11, a P/E/G ratio of 1.90 and a beta of 0.73. The company’s 50 day simple moving average is $291.95 and its 200-day simple moving average is $273.27.

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

Willis Towers Watson Public Announces Dividend

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

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.