Willis Towers Watson Public (NASDAQ:WTW) Issues FY24 Earnings Guidance

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $16.00-17.00 for the period, compared to the consensus EPS 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 Analysts Forecast Growth

Several research analysts recently issued reports on the company. Truist Financial lifted their target price on Willis Towers Watson Public from $335.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their target price on shares of Willis Towers Watson Public from $320.00 to $323.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Roth Mkm raised their price target on shares of Willis Towers Watson Public from $315.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Barclays initiated coverage on shares of Willis Towers Watson Public in a research report on Wednesday, September 4th. They issued an "underweight" rating and a $278.00 price objective for the company. Finally, Morgan Stanley dropped their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Willis Towers Watson Public has an average rating of "Hold" and a consensus price target of $309.47.

Willis Towers Watson Public Price Performance

WTW stock traded up $8.65 during mid-day trading on Thursday, reaching $302.19. 1,071,950 shares of the company traded hands, compared to its average volume of 467,597. Willis Towers Watson Public has a 52-week low of $232.77 and a 52-week high of $308.87. The company has a market capitalization of $30.69 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.83 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.94 and a quick ratio of 1.94. The company has a fifty day moving average price of $291.26 and a 200-day moving average price of $272.67.

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 $0.88 dividend. This represents a $3.52 dividend on an annualized basis 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 currently 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.