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

Willis Towers Watson Public (NASDAQ:WTW) is set to release its 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $7.44 earnings per share for the quarter, topping the consensus estimate of $7.05 by $0.39. Willis Towers Watson Public had a return on equity of 15.70% and a net margin of 11.12%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the prior year, the firm earned $6.33 earnings per share. Willis Towers Watson Public’s revenue for the quarter was up 7.1% compared to the same quarter last year. 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. The firm has a market cap 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 business’s 50 day simple moving average is $271.68 and its 200 day simple moving average is $248.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.45 and a current ratio of 1.45. Willis Towers Watson Public has a 52-week low of $195.29 and a 52-week high of $278.86.

Willis Towers Watson Public Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.88 per share. This is a boost from Willis Towers Watson Public’s previous quarterly dividend of $0.84. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 35.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WTW. Morgan Stanley increased their target price on shares of Willis Towers Watson Public from $248.00 to $270.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Citigroup upgraded Willis Towers Watson Public from a “neutral” rating to a “buy” rating and raised their price objective for the company from $236.00 to $315.00 in a report on Monday, February 12th. 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 report on Thursday, March 28th. Wells Fargo & Company reduced their price target on Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Finally, Stifel Nicolaus boosted their price target 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. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public has an average rating of “Moderate Buy” and an average target price of $290.54.

Insider Buying and Selling

In other news, CFO Andrew Jay Krasner sold 1,100 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $272.13, for a total value of $299,343.00. Following the transaction, the chief financial officer now directly owns 4,170 shares of the company’s stock, valued at $1,134,782.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Willis Towers Watson Public

A number of institutional investors have recently made changes to their positions in the company. Resurgent Financial Advisors LLC bought a new position in shares of Willis Towers Watson Public during the fourth quarter worth approximately $27,000. Covington Capital Management acquired a new position in Willis Towers Watson Public in the 3rd quarter valued at $32,000. Money Concepts Capital Corp bought a new position in Willis Towers Watson Public during the 4th quarter worth $37,000. Financial Freedom LLC bought a new position in Willis Towers Watson Public during the 4th quarter worth $98,000. Finally, Gladius Capital Management LP lifted its holdings in shares of 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 in the last quarter. Institutional investors own 93.09% of the company’s stock.

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.