Williams Companies (NYSE:WMB) Issues Earnings Results, Beats Estimates By $0.10 EPS

Williams Companies (NYSE:WMB - Get Free Report) issued its quarterly earnings results on Monday. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.49 by $0.10, Briefing.com reports. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the business posted $0.56 earnings per share. Williams Companies's revenue for the quarter was down 10.1% compared to the same quarter last year.

Williams Companies Price Performance

WMB traded up $0.39 during trading on Monday, reaching $39.06. The stock had a trading volume of 6,647,834 shares, compared to its average volume of 6,954,752. The stock has a 50 day moving average of $37.93 and a two-hundred day moving average of $36.03. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $47.59 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 6.07 and a beta of 1.05. Williams Companies has a 1-year low of $28.27 and a 1-year high of $39.76.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies's dividend payout ratio (DPR) is presently 72.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WMB. Wolfe Research reaffirmed an "underperform" rating and issued a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. UBS Group boosted their target price on shares of Williams Companies from $43.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. US Capital Advisors lowered shares of Williams Companies from an "overweight" rating to a "hold" rating in a report on Monday, April 29th. Truist Financial upped their target price on Williams Companies from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Monday, March 25th. Finally, Barclays upped their target price on shares of Williams Companies from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Williams Companies currently has a consensus rating of "Hold" and a consensus price target of $39.22.

Williams Companies Company Profile

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.