Williams Companies (NYSE:WMB) Releases FY 2024 Earnings Guidance

Williams Companies (NYSE:WMB) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 1.650-1.860 for the period, compared to the consensus earnings per share estimate of 1.840. The company issued revenue guidance of -. Williams Companies also updated its FY 2025 guidance to 1.850-2.100 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. US Capital Advisors downgraded Williams Companies from an overweight rating to a hold rating in a research report on Monday, April 29th. Seaport Res Ptn cut Williams Companies from a strong-buy rating to a hold rating in a research note on Tuesday, July 30th. Barclays lifted their price objective on Williams Companies from $38.00 to $41.00 and gave the stock an equal weight rating in a research note on Friday, July 12th. Truist Financial lifted their price objective on Williams Companies from $40.00 to $42.00 and gave the stock a hold rating in a research note on Tuesday, June 18th. Finally, Wells Fargo & Company raised Williams Companies from an equal weight rating to an overweight rating and lifted their price objective for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $42.08.

Williams Companies Stock Down 2.3 %

Shares of WMB stock traded down $0.96 on Monday, hitting $41.24. 7,727,528 shares of the stock were exchanged, compared to its average volume of 6,597,200. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $50.26 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 6.62 and a beta of 1.05. The business has a 50-day moving average of $42.18 and a 200 day moving average of $38.96. Williams Companies has a fifty-two week low of $32.49 and a fifty-two week high of $45.10.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. Williams Companies’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. Equities analysts anticipate that Williams Companies will post 1.85 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 4.61%. Williams Companies’s payout ratio is presently 79.83%.

Insider Buying and Selling

In related news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the sale, the senior vice president now owns 60,410 shares in the company, valued at $2,392,840.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

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.