Williams Companies (NYSE:WMB) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Williams Companies (NYSE:WMB) issued its quarterly earnings data on Monday. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10, Briefing.com reports. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.40%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the business posted $0.56 earnings per share.

Williams Companies Stock Up 0.1 %

WMB opened at $39.11 on Wednesday. The stock’s fifty day simple moving average is $38.01 and its 200 day simple moving average is $36.06. Williams Companies has a 1-year low of $28.27 and a 1-year high of $39.99. The stock has a market cap of $47.65 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 6.13 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, June 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.86%. Williams Companies’s dividend payout ratio is currently 79.83%.

Analysts Set New Price Targets

Several analysts have issued reports on WMB shares. UBS Group lifted their price target on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. US Capital Advisors cut Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Barclays raised their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Wolfe Research restated an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a report on Thursday, April 18th. Finally, Truist Financial lifted their price target on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.22.

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.