Wall Street brokerages expect Williams Companies Inc (NYSE:WMB) to report $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Williams Companies’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.26. Williams Companies posted earnings of $0.15 per share in the same quarter last year, which would indicate a positive year over year growth rate of 26.7%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 31st.
According to Zacks, analysts expect that Williams Companies will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.66 to $0.94. For the next year, analysts anticipate that the business will report earnings of $0.93 per share, with EPS estimates ranging from $0.47 to $1.11. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Williams Companies.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2 billion. Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. During the same period in the prior year, the business earned $0.13 EPS.
A number of equities research analysts have issued reports on the company. ValuEngine raised Williams Companies from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research raised Williams Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Morgan Stanley set a $35.00 target price on Williams Companies and gave the stock an “overweight” rating in a research report on Thursday, August 16th. UBS Group raised their target price on Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Finally, Goldman Sachs Group began coverage on Williams Companies in a research report on Monday, October 8th. They set a “neutral” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.87.
In other Williams Companies news, VP Ted T. Timmermans sold 20,267 shares of Williams Companies stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total value of $648,544.00. Following the transaction, the vice president now directly owns 9,955 shares in the company, valued at approximately $318,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Frank J. Ferazzi sold 1,100 shares of Williams Companies stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $31.31, for a total value of $34,441.00. Following the completion of the transaction, the senior vice president now owns 15,037 shares in the company, valued at $470,808.47. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Bray Capital Advisors grew its stake in shares of Williams Companies by 100.0% in the 2nd quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock valued at $108,000 after purchasing an additional 2,000 shares during the last quarter. Arrow Financial Corp purchased a new stake in shares of Williams Companies in the second quarter valued at approximately $113,000. Centaurus Financial Inc. purchased a new stake in shares of Williams Companies in the second quarter valued at approximately $127,000. JJJ Advisors Inc. purchased a new stake in shares of Williams Companies in the second quarter valued at approximately $144,000. Finally, Spectrum Management Group Inc. purchased a new stake in shares of Williams Companies in the second quarter valued at approximately $157,000. Institutional investors own 86.55% of the company’s stock.
WMB stock traded up $0.09 during mid-day trading on Monday, reaching $26.68. The company had a trading volume of 8,317,293 shares, compared to its average volume of 9,351,408. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.79 and a quick ratio of 0.71. The firm has a market capitalization of $22.51 billion, a P/E ratio of 42.35, a P/E/G ratio of 4.61 and a beta of 1.53. Williams Companies has a fifty-two week low of $24.00 and a fifty-two week high of $33.67.
The business also recently announced a quarterly dividend, which was paid on Monday, September 24th. Shareholders of record on Friday, September 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.36 annualized dividend and a dividend yield of 5.10%. Williams Companies’s dividend payout ratio (DPR) is currently 215.87%.
Williams Companies Company Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
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