Williams Companies (NYSE:WMB) Announces Earnings Results, Beats Expectations By $0.01 EPS

Williams Companies (NYSE:WMB) announced its quarterly earnings results on Wednesday. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01, Briefing.com reports. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. Williams Companies updated its FY 2025 guidance to 1.850-2.100 EPS and its FY 2024 guidance to 1.830-1.930 EPS.

Williams Companies Trading Up 0.3 %

Shares of WMB stock traded up $0.15 on Thursday, hitting $55.48. The stock had a trading volume of 2,696,225 shares, compared to its average volume of 6,236,849. Williams Companies has a twelve month low of $32.65 and a twelve month high of $55.79. The company has a fifty day moving average price of $48.40 and a two-hundred day moving average price of $44.14. The firm has a market cap of $67.62 billion, a P/E ratio of 23.75, a PEG ratio of 5.84 and a beta of 1.03. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, December 13th. Williams Companies’s payout ratio is 81.55%.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMB. Bank of America initiated coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. CIBC raised their target price on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Mizuho raised their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday. Scotiabank boosted their price target on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Finally, UBS Group increased their target price on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.38.

About Williams Companies

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.