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

Willis Towers Watson Public (NASDAQ:WTW) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Willis Towers Watson Public to post 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Willis Towers Watson Public (NASDAQ:WTW) last announced its earnings results on Tuesday, February 6th. The company reported $7.44 earnings per share for the quarter, beating the consensus estimate of $7.05 by $0.39. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.91 billion. Willis Towers Watson Public had a net margin of 11.12% and a return on equity of 15.70%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.33 earnings per share. 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 Up 0.8 %

Shares of Willis Towers Watson Public stock opened at $259.27 on Thursday. Willis Towers Watson Public has a 1-year low of $195.29 and a 1-year high of $278.86. The company has a market capitalization of $26.51 billion, a PE ratio of 25.88, a P/E/G ratio of 1.47 and a beta of 0.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 1.45. The business has a 50-day moving average of $271.68 and a 200-day moving average of $248.81.

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 paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. Willis Towers Watson Public’s payout ratio is 35.13%.

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 that occurred 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 transaction, the chief financial officer now directly owns 4,170 shares in the company, valued at $1,134,782.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Willis Towers Watson Public

Several institutional investors have recently bought and sold shares of the stock. Resurgent Financial Advisors LLC purchased a new stake in Willis Towers Watson Public in the 4th quarter worth about $27,000. Covington Capital Management acquired a new position in Willis Towers Watson Public in the 3rd quarter valued at approximately $32,000. Money Concepts Capital Corp purchased a new stake in Willis Towers Watson Public in the 4th quarter worth approximately $37,000. Financial Freedom LLC acquired a new position in shares of Willis Towers Watson Public during the 4th quarter worth $98,000. Finally, Gladius Capital Management LP increased its position in Willis Towers Watson Public by 12.4% during the third quarter. Gladius Capital Management LP now owns 679 shares of the company’s stock worth $142,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WTW. Truist Financial increased their price target on shares of Willis Towers Watson Public from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods boosted their price target on Willis Towers Watson Public from $307.00 to $317.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company reduced their price objective on Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Roth Mkm boosted their target price on shares of Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, TD Cowen assumed coverage on shares of Willis Towers Watson Public in a report on Wednesday, January 10th. They set an “outperform” rating and a $316.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $290.54.

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.