Williams Companies (NYSE:WMB) Releases Earnings Results, Beats Estimates By $0.01 EPS

Williams Companies (NYSE:WMB) released its quarterly earnings data on Wednesday, October 30th. The pipeline company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01, RTT News reports. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Williams Companies had a net margin of 1.87% and a return on equity of 6.95%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS.

WMB stock opened at $22.24 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.39 and a current ratio of 0.43. The stock has a market cap of $28.28 billion, a P/E ratio of 28.15, a P/E/G ratio of 3.67 and a beta of 1.54. The firm has a 50 day simple moving average of $23.47 and a 200 day simple moving average of $25.66. Williams Companies has a 52 week low of $20.36 and a 52 week high of $29.55.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Williams Companies from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. UBS Group lowered their target price on shares of Williams Companies from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. Citigroup lowered their price objective on shares of Williams Companies from $31.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Argus cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Raymond James decreased their target price on shares of Williams Companies from $33.00 to $32.00 and set a “strong-buy” rating for the company in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $28.28.

In other Williams Companies news, Director Stephen W. Bergstrom bought 10,000 shares of Williams Companies stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost of $22.99 per share, for a total transaction of $229,900.00. Following the completion of the purchase, the director now directly owns 54,965 shares of the company’s stock, valued at $1,263,645.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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Earnings History for Williams Companies (NYSE:WMB)

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