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

Willis Towers Watson Public (NASDAQ:WTW) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 16.000-17.000 for the period, compared to the consensus EPS 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 opened at $299.30 on Friday. The company has a quick ratio of 1.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. Willis Towers Watson Public has a 52 week low of $232.77 and a 52 week high of $308.87. The stock’s 50-day simple moving average is $291.95 and its 200-day simple moving average is $273.27. The company has a market capitalization of $30.40 billion, a price-to-earnings ratio of -41.11, a PEG ratio of 1.90 and a beta of 0.73.

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

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.88 per share. The ex-dividend date of this dividend 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 -48.35%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WTW. Wells Fargo & Company boosted their price target 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. Truist Financial boosted their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley decreased their price objective on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Roth Mkm increased their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $309.47.

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.