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

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 15.400-17.000 for the period, compared to the consensus EPS estimate of 16.300. 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 $15.40-17.00 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Wells Fargo & Company reduced their price target on shares of Willis Towers Watson Public from $320.00 to $318.00 and set an overweight rating for the company in a research report on Thursday, April 11th. Raymond James reiterated an outperform rating and set a $315.00 price target (up from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Roth Mkm lifted their price target on shares of Willis Towers Watson Public from $275.00 to $300.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Finally, Citigroup upgraded shares of Willis Towers Watson Public from a neutral rating to a buy rating and lifted their price target for the company from $236.00 to $315.00 in a research report on Monday, February 12th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $290.54.

Willis Towers Watson Public Trading Down 2.9 %

WTW stock traded down $7.56 during midday trading on Thursday, hitting $256.92. The stock had a trading volume of 1,476,082 shares, compared to its average volume of 464,711. The firm has a market cap of $26.27 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 1.50 and a beta of 0.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 1.45. Willis Towers Watson Public has a 12-month low of $195.29 and a 12-month high of $278.86. The company's 50-day moving average price is $270.48 and its 200 day moving average price is $250.80.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping the consensus estimate of $3.22 by $0.07. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.37 billion. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. Willis Towers Watson Public's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.84 EPS. On average, equities research analysts predict that Willis Towers Watson Public will post 16.2 earnings per share for the current fiscal year.

Willis Towers Watson Public Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.88 dividend. This is a boost from Willis Towers Watson Public's previous quarterly dividend of $0.84. This represents a $3.52 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, March 27th. Willis Towers Watson Public's payout ratio is presently 35.13%.

Insiders Place Their Bets

In other Willis Towers Watson Public news, CFO Andrew Jay Krasner sold 1,100 shares of Willis Towers Watson Public stock in a transaction that occurred on Friday, March 1st. The shares were 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 approximately $1,134,782.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.

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.