Willis Towers Watson Public (NASDAQ:WTW) Posts Quarterly Earnings Results, Beats Expectations By $0.25 EPS

Willis Towers Watson Public (NASDAQ:WTW) announced its earnings results on Thursday. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.25, Briefing.com reports. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $2.24 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Willis Towers Watson Public updated its FY 2024 guidance to 16.000-17.000 EPS and its FY24 guidance to $16.00-17.00 EPS.

Willis Towers Watson Public Stock Down 1.0 %

Willis Towers Watson Public stock opened at $299.30 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.94. The stock has a market capitalization of $30.40 billion, a PE ratio of -41.11, a price-to-earnings-growth ratio of 1.90 and a beta of 0.73. The business has a 50 day simple moving average of $291.95 and a 200-day simple moving average of $273.27. Willis Towers Watson Public has a 12 month low of $232.77 and a 12 month high of $308.87.

Willis Towers Watson Public Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.88 per share. The ex-dividend date was Monday, September 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.18%. Willis Towers Watson Public’s dividend payout ratio is currently -48.35%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Truist Financial raised their price target on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Morgan Stanley dropped their price objective on shares of 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. Roth Mkm raised their target price on Willis Towers Watson Public from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, UBS Group upgraded Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. One 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. Based on data from MarketBeat.com, Willis Towers Watson Public presently has an average rating of “Hold” and an average target price of $309.47.

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.