Willis Towers Watson Public (WTW) to Release Quarterly Earnings on Thursday

Willis Towers Watson Public (NASDAQ:WTW) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $3.22 per share for the quarter. Willis Towers Watson Public has set its FY 2024 guidance at 15.400-17.000 EPS and its FY24 guidance at $15.40-17.00 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Willis Towers Watson Public (NASDAQ:WTW) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $7.44 earnings per share for the quarter, beating analysts’ consensus estimates of $7.05 by $0.39. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period last year, the business earned $6.33 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, analysts expect Willis Towers Watson Public to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Willis Towers Watson Public Stock Down 0.6 %

Shares of WTW stock opened at $263.68 on Wednesday. The stock’s 50 day simple moving average is $271.11 and its 200 day simple moving average is $250.67. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.45 and a current ratio of 1.45. Willis Towers Watson Public has a twelve month low of $195.29 and a twelve month high of $278.86. The company has a market capitalization of $26.96 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.51 and a beta of 0.74.

Willis Towers Watson Public Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.88 dividend. This is an increase from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, March 27th. Willis Towers Watson Public’s payout ratio is currently 35.13%.

Analysts Set New Price Targets

Several research analysts have commented on the company. BMO Capital Markets raised Willis Towers Watson Public from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $236.00 to $298.00 in a research report on Monday, February 12th. Roth Mkm lifted their price objective on Willis Towers Watson Public from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Morgan Stanley lifted their price objective on Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Stifel Nicolaus lifted their price objective on Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, Raymond James reissued an “outperform” rating and set a $315.00 price objective (up previously from $295.00) on shares of Willis Towers Watson Public in a report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Willis Towers Watson Public presently has an average rating of “Moderate Buy” and an average price target of $290.54.

Insider Buying and Selling at Willis Towers Watson Public

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $272.13, for a total transaction of $299,343.00. Following the completion of the sale, the chief financial officer now owns 4,170 shares in the company, valued at $1,134,782.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.

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.