Willis Towers Watson Public (NASDAQ:WTW) Posts Earnings Results, Beats Estimates By $0.27 EPS

Willis Towers Watson Public (NASDAQ:WTW) issued its quarterly earnings results on Thursday. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.27, Briefing.com reports. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. Willis Towers Watson Public had a net margin of 10.88% and a return on equity of 16.31%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.05 EPS. 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 Up 2.0 %

Shares of NASDAQ:WTW traded up $5.49 during trading on Friday, reaching $283.09. 713,853 shares of the company traded hands, compared to its average volume of 453,442. The firm has a market capitalization of $28.94 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.52 and a beta of 0.73. Willis Towers Watson Public has a 52-week low of $195.29 and a 52-week high of $283.49. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.55. The business’s fifty day moving average is $259.63 and its 200-day moving average is $261.86.

Willis Towers Watson Public Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Sunday, June 30th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, June 28th. Willis Towers Watson Public’s dividend payout ratio (DPR) is presently 35.31%.

Analyst Upgrades and Downgrades

WTW has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Bank of America upgraded Willis Towers Watson Public from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $272.00 to $304.00 in a research note on Wednesday, May 22nd. Piper Sandler boosted their price objective on Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Evercore ISI boosted their price objective on Willis Towers Watson Public from $290.00 to $295.00 and gave the company an “in-line” rating in a research note on Friday, April 26th. Finally, Raymond James reiterated an “outperform” rating and set a $315.00 price target (up from $295.00) on shares of Willis Towers Watson Public in a research report on Thursday, March 28th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $299.36.

Willis Towers Watson Public Company Profile

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.