Williams Companies (NYSE:WMB – Get Free Report) issued its quarterly earnings data on Monday. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05, Briefing.com reports. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Williams Companies updated its FY 2024 guidance to 1.650-1.860 EPS and its FY 2025 guidance to 1.850-2.100 EPS.
Williams Companies Stock Up 0.4 %
WMB stock opened at $43.00 on Thursday. The stock has a market capitalization of $52.41 billion, a P/E ratio of 18.07, a P/E/G ratio of 6.98 and a beta of 1.05. The firm has a 50-day simple moving average of $42.30 and a 200-day simple moving average of $39.10. The company has a quick ratio of 0.48, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. Williams Companies has a 52 week low of $32.49 and a 52 week high of $45.10.
Williams Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.42%. Williams Companies’s dividend payout ratio is currently 79.83%.
Wall Street Analysts Forecast Growth
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.
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