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

Willis Towers Watson Public (NASDAQ:WTW) will issue its quarterly earnings data 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.Parties 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 results on Tuesday, February 6th. The company reported $7.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.05 by $0.39. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.33 EPS. 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 Performance

Shares of WTW stock opened at $265.17 on Tuesday. The stock has a market capitalization of $27.12 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.51 and a beta of 0.74. Willis Towers Watson Public has a 52-week low of $195.29 and a 52-week high of $278.86. The stock’s 50-day moving average price is $271.25 and its 200 day moving average price is $250.28. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.48.

Willis Towers Watson Public Increases Dividend

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

Wall Street Analyst Weigh In

WTW has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Raymond James reiterated an “outperform” rating and set a $315.00 target price (up previously from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Stifel Nicolaus boosted their target price on Willis Towers Watson Public from $236.00 to $268.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods boosted their target price on Willis Towers Watson Public from $307.00 to $317.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company dropped their target price on Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $290.54.

Insider Activity at Willis Towers Watson Public

In related news, CFO Andrew Jay Krasner sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $272.13, for a total value of $299,343.00. Following the sale, the chief financial officer now owns 4,170 shares of the company’s stock, valued at approximately $1,134,782.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.22% of the stock is owned by corporate insiders.

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.