Willis Towers Watson Public (NASDAQ:WTW) Issues 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 16.270. 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.

Wall Street Analyst Weigh In

WTW has been the topic of several recent analyst reports. Raymond James reaffirmed an outperform rating and issued a $315.00 price target (up from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Citigroup dropped their target price on shares of Willis Towers Watson Public from $315.00 to $312.00 and set a buy rating on the stock in a research report on Monday, April 29th. Evercore ISI increased their price target on shares of Willis Towers Watson Public from $290.00 to $295.00 and gave the company an in-line rating in a report on Friday, April 26th. Keefe, Bruyette & Woods dropped their price objective on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an outperform rating on the stock in a report on Monday, May 6th. Finally, Truist Financial increased their target price on shares of Willis Towers Watson Public from $310.00 to $335.00 and gave the company a buy rating in a research note on Friday. Seven investment 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.com, the company has a consensus rating of Moderate Buy and a consensus price target of $299.36.

Willis Towers Watson Public Price Performance

NASDAQ WTW traded up $5.49 during trading on Friday, reaching $283.09. 713,827 shares of the company traded hands, compared to its average volume of 453,441. Willis Towers Watson Public has a 1-year low of $195.29 and a 1-year high of $283.49. The company has a market cap of $28.94 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 1.52 and a beta of 0.73. The stock’s 50 day moving average price is $259.12 and its two-hundred day moving average price is $261.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.89 and a current ratio of 1.89.

Willis Towers Watson Public (NASDAQ:WTW) last posted its earnings results on Thursday, July 25th. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.28 by $0.27. 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 during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company earned $2.05 EPS. Willis Towers Watson Public’s revenue was up 4.9% on a year-over-year basis. As a group, analysts anticipate that Willis Towers Watson Public will post 16.27 EPS for the current year.

Willis Towers Watson Public Dividend Announcement

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

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.