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

Williams Companies (NYSE:WMB) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.830-1.930 for the period, compared to the consensus EPS estimate of 1.820. The company issued revenue guidance of -. Williams Companies also updated its FY 2025 guidance to 1.850-2.100 EPS.

Williams Companies Stock Performance

Shares of NYSE WMB traded up $0.87 during mid-day trading on Friday, hitting $56.31. 7,120,229 shares of the company were exchanged, compared to its average volume of 6,255,060. The stock has a 50 day simple moving average of $48.81 and a 200-day simple moving average of $44.34. Williams Companies has a 1-year low of $32.65 and a 1-year high of $56.80. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The firm has a market cap of $68.63 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 6.19 and a beta of 1.03.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.90%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. On average, sell-side analysts forecast that Williams Companies will post 1.91 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

Analyst Upgrades and Downgrades

WMB has been the subject of several recent analyst reports. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $52.00 to $58.00 in a report on Friday, October 4th. UBS Group raised their target price on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Scotiabank upped their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Barclays raised their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.38.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is owned by company insiders.

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.