Williams Companies (NYSE:WMB) announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20, Bloomberg Earnings reports. Williams Companies had a return on equity of 3.44% and a net margin of 27.07%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the company earned ($0.02) EPS.
Shares of Williams Companies (WMB) opened at $28.56 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91. The firm has a market capitalization of $23,664.04, a price-to-earnings ratio of 46.16, a price-to-earnings-growth ratio of 2.67 and a beta of 1.32. Williams Companies has a 1 year low of $26.82 and a 1 year high of $33.67.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.76%. This is a boost from Williams Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, March 8th. Williams Companies’s dividend payout ratio is 45.80%.
In other news, insider James E. Scheel sold 26,915 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $33.00, for a total transaction of $888,195.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on WMB. Zacks Investment Research lowered Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. Scotiabank restated a “hold” rating and issued a $36.00 target price on shares of Williams Companies in a report on Monday, January 29th. Barclays lowered Williams Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $36.00 to $35.00 in a report on Wednesday, January 17th. Royal Bank of Canada reiterated a “buy” rating and set a $38.00 price target on shares of Williams Companies in a report on Tuesday, January 16th. Finally, Jefferies Group reiterated a “buy” rating and set a $37.00 price target on shares of Williams Companies in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Williams Companies presently has a consensus rating of “Buy” and an average target price of $35.20.
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About Williams Companies
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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