Willis Towers Watson Public Limited to Post Q2 2024 Earnings of $2.18 Per Share, Roth Capital Forecasts (NASDAQ:WTW)

Willis Towers Watson Public Limited (NASDAQ:WTW) – Stock analysts at Roth Capital lowered their Q2 2024 earnings per share estimates for shares of Willis Towers Watson Public in a research note issued to investors on Friday, April 26th. Roth Capital analyst H. Fong now forecasts that the company will post earnings per share of $2.18 for the quarter, down from their prior forecast of $2.25. The consensus estimate for Willis Towers Watson Public’s current full-year earnings is $16.27 per share. Roth Capital also issued estimates for Willis Towers Watson Public’s Q4 2024 earnings at $8.24 EPS, FY2024 earnings at $16.50 EPS, Q1 2025 earnings at $3.66 EPS, Q2 2025 earnings at $2.47 EPS and Q4 2025 earnings at $9.03 EPS.

Willis Towers Watson Public (NASDAQ:WTW) last posted its quarterly earnings data on Thursday, April 25th. The company reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.37 billion. Willis Towers Watson Public had a return on equity of 16.31% and a net margin of 10.88%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $2.84 EPS.

WTW has been the topic of several other research reports. Roth Mkm raised their price objective on Willis Towers Watson Public from $275.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Piper Sandler raised their price objective on Willis Towers Watson Public from $297.00 to $303.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company cut their price objective on Willis Towers Watson Public from $320.00 to $318.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Morgan Stanley raised their price objective on Willis Towers Watson Public from $248.00 to $270.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus raised their price objective on Willis Towers Watson Public from $236.00 to $268.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and an average target price of $293.43.

Willis Towers Watson Public Trading Down 2.3 %

Shares of WTW stock opened at $250.95 on Monday. The stock’s fifty day moving average price is $269.96 and its two-hundred day moving average price is $251.68. The company has a market cap of $25.66 billion, a PE ratio of 25.17, a P/E/G ratio of 1.42 and a beta of 0.73. Willis Towers Watson Public has a fifty-two week low of $195.29 and a fifty-two week high of $278.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.45 and a current ratio of 1.89.

Willis Towers Watson Public Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Willis Towers Watson Public’s previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, March 27th. Willis Towers Watson Public’s payout ratio is presently 35.31%.

Insider Activity at Willis Towers Watson Public

In other Willis Towers Watson Public 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 sale, the chief financial officer now directly owns 4,170 shares of the company’s stock, valued at approximately $1,134,782.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Willis Towers Watson Public

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTW. ZWJ Investment Counsel Inc. purchased a new position in shares of Willis Towers Watson Public in the 1st quarter worth approximately $243,000. Mesirow Financial Investment Management Inc. purchased a new position in shares of Willis Towers Watson Public in the 1st quarter worth approximately $1,052,000. Checchi Capital Advisers LLC boosted its stake in shares of Willis Towers Watson Public by 5.6% in the 1st quarter. Checchi Capital Advisers LLC now owns 884 shares of the company’s stock worth $243,000 after buying an additional 47 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Willis Towers Watson Public by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,466,992 shares of the company’s stock worth $403,423,000 after buying an additional 32,792 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Willis Towers Watson Public by 14.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,135 shares of the company’s stock worth $9,112,000 after buying an additional 4,237 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

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.