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 (EPS) guidance of $16.00-17.00 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

WTW has been the subject of several research reports. Barclays started coverage on Willis Towers Watson Public in a report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. UBS Group raised Willis Towers Watson Public to a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley dropped their target price on Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group upped their price objective on Willis Towers Watson Public from $295.00 to $314.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $309.47.

Willis Towers Watson Public Trading Up 3.5 %

Willis Towers Watson Public stock traded up $10.19 during trading hours on Thursday, reaching $303.73. 164,255 shares of the company’s stock were exchanged, compared to its average volume of 463,087. The firm has a market capitalization of $30.85 billion, a PE ratio of 28.09, a PEG ratio of 1.83 and a beta of 0.74. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.56. The firm’s 50 day simple moving average is $291.26 and its 200 day simple moving average is $272.67. Willis Towers Watson Public has a twelve month low of $232.77 and a twelve month high of $308.87.

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 paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Monday, September 30th. Willis Towers Watson Public’s dividend payout ratio is presently 33.68%.

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.