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

by · The Cerbat Gem

Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) announced its earnings results on Thursday. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.25, Briefing.com reports. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations 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 business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.24 earnings per share. 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 Trading Down 1.0 %

NASDAQ WTW opened at $299.30 on Friday. Willis Towers Watson Public has a 12 month low of $232.77 and a 12 month high of $308.87. The stock has a market capitalization of $30.40 billion, a P/E ratio of -41.11, a PEG ratio of 1.90 and a beta of 0.73. The firm’s 50-day moving average is $291.95 and its two-hundred day moving average is $273.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.94.

Willis Towers Watson Public Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.88 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.52 annualized dividend and a yield of 1.18%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently -48.35%.

Analysts Set New Price Targets

Several research analysts recently commented on WTW shares. UBS Group raised Willis Towers Watson Public to a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their target price on shares of Willis Towers Watson Public from $321.00 to $334.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Morgan Stanley lowered their price target on shares of Willis Towers Watson Public from $275.00 to $272.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Truist Financial increased their price objective on shares of Willis Towers Watson Public from $335.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $309.47.

Check Out Our Latest Stock Analysis on WTW

About Willis Towers Watson Public

(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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