Zacks Research Equities Analysts Cut Earnings Estimates for Willis Towers Watson Public Limited (NASDAQ:WTW)

Willis Towers Watson Public Limited (NASDAQ:WTW) – Investment analysts at Zacks Research decreased their Q3 2024 earnings per share (EPS) estimates for Willis Towers Watson Public in a report issued on Monday, August 28th. Zacks Research analyst D. Chatterjee now anticipates that the company will earn $3.50 per share for the quarter, down from their prior forecast of $3.55. The consensus estimate for Willis Towers Watson Public’s current full-year earnings is $14.00 per share. Zacks Research also issued estimates for Willis Towers Watson Public’s Q4 2024 earnings at $6.52 EPS.

A number of other equities research analysts have also commented on WTW. TheStreet lowered Willis Towers Watson Public from a “b-” rating to a “c+” rating in a research report on Wednesday, August 23rd. Roth Mkm lowered their price objective on Willis Towers Watson Public from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday. Raymond James restated an “outperform” rating and issued a $260.00 price objective (down previously from $270.00) on shares of Willis Towers Watson Public in a research report on Thursday, July 27th. StockNews.com began coverage on Willis Towers Watson Public in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Citigroup lowered their price objective on Willis Towers Watson Public from $251.00 to $221.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.29.

Willis Towers Watson Public Price Performance

Shares of NASDAQ WTW opened at $207.63 on Tuesday. The business’s 50 day moving average price is $219.28 and its 200 day moving average price is $227.14. The firm has a market cap of $21.76 billion, a P/E ratio of 21.02, a P/E/G ratio of 1.38 and a beta of 0.74. Willis Towers Watson Public has a 52 week low of $195.29 and a 52 week high of $258.93. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Thursday, July 27th. The company reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.28). The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Willis Towers Watson Public had a net margin of 11.84% and a return on equity of 14.55%. Willis Towers Watson Public’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.32 EPS.

Willis Towers Watson Public Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, September 28th. Willis Towers Watson Public’s dividend payout ratio is currently 34.01%.

Insider Activity at Willis Towers Watson Public

In related news, insider Julie Jarecke Gebauer sold 2,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $231.69, for a total value of $463,380.00. Following the completion of the transaction, the insider now directly owns 75,240 shares of the company’s stock, valued at approximately $17,432,355.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.

Institutional Trading of Willis Towers Watson Public

Several large investors have recently added to or reduced their stakes in WTW. Exos TFP Holdings LLC purchased a new stake in Willis Towers Watson Public in the 4th quarter valued at $26,000. Resurgent Financial Advisors LLC purchased a new stake in Willis Towers Watson Public in the 4th quarter valued at $27,000. Belpointe Asset Management LLC purchased a new stake in Willis Towers Watson Public in the 4th quarter valued at $28,000. Massmutual Trust Co. FSB ADV grew its holdings in Willis Towers Watson Public by 67.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 131 shares of the company’s stock valued at $31,000 after buying an additional 53 shares in the last quarter. Finally, Covington Capital Management purchased a new stake in Willis Towers Watson Public in the 3rd quarter valued at $32,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

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 and 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 programs; actuarial support, plan design, and administrative services for pension and retirement savings plans; and benefits outsourcing services, including a suite of health and welfare, and pension administration outsourcing services.