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

by · The Cerbat Gem

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 16.000-17.000 for the period, compared to the consensus estimate of 16.500. The company issued revenue guidance of $9.9 billion-, compared to the consensus revenue estimate of $9.9 billion. Willis Towers Watson Public also updated its FY24 guidance to $16.00-17.00 EPS.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on Willis Towers Watson Public from $295.00 to $314.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of Willis Towers Watson Public from $321.00 to $334.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Morgan Stanley cut their target price on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods raised 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 research report on Wednesday, July 31st. Finally, Barclays assumed coverage on shares of Willis Towers Watson Public in a research report on Wednesday, September 4th. They set an “underweight” rating and a $278.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $309.47.

View Our Latest Research Report on Willis Towers Watson Public

Willis Towers Watson Public Price Performance

WTW traded down $2.89 during midday trading on Friday, hitting $299.30. The company had a trading volume of 710,112 shares, compared to its average volume of 540,174. Willis Towers Watson Public has a twelve month low of $232.77 and a twelve month high of $308.87. The firm’s 50-day simple moving average is $291.95 and its 200-day simple moving average is $273.16. The company has a market capitalization of $30.40 billion, a PE ratio of -41.11, a P/E/G ratio of 1.90 and a beta of 0.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.94 and a current ratio of 1.72.

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Willis Towers Watson Public had a positive return on equity of 18.57% and a negative net margin of 7.36%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.24 earnings per share. Equities research analysts predict that Willis Towers Watson Public will post 16.55 EPS for the current fiscal year.

Willis Towers Watson Public Dividend Announcement

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

Willis Towers Watson Public Company Profile

(Get Free Report)

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.

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