Willis Towers Watson Public (NASDAQ:WTW) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Willis Towers Watson Public (NASDAQ:WTW) released its quarterly earnings data on Thursday. The company reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.08, RTT News reports. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.37 billion. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. Willis Towers Watson Public’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $2.84 EPS. Willis Towers Watson Public updated its FY24 guidance to $15.40-17.00 EPS and its FY 2024 guidance to 15.400-17.000 EPS.

Willis Towers Watson Public Stock Down 2.9 %

Shares of NASDAQ WTW opened at $256.92 on Friday. Willis Towers Watson Public has a 1 year low of $195.29 and a 1 year high of $278.86. The firm has a market cap of $26.27 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.51 and a beta of 0.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s 50-day simple moving average is $270.48 and its 200-day simple moving average is $250.80.

Willis Towers Watson Public Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.37%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Wednesday, March 27th. Willis Towers Watson Public’s payout ratio is presently 35.13%.

Insider Transactions at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the completion of the sale, the chief financial officer now directly owns 4,170 shares of the company’s stock, valued at $1,134,782.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Roth Mkm increased their target price on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Raymond James restated an “outperform” rating and set a $315.00 price objective (up previously from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Truist Financial raised their price objective on Willis Towers Watson Public from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Stifel Nicolaus raised their price objective on Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley raised their price objective on Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.54.

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.