Wall Street brokerages predict that Williams Companies Inc (NYSE:WMB) will announce sales of $2.37 billion for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Williams Companies’ earnings. The lowest sales estimate is $2.25 billion and the highest is $2.54 billion. Williams Companies reported sales of $2.23 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 13th.
On average, analysts expect that Williams Companies will report full year sales of $8.70 billion for the current financial year, with estimates ranging from $8.38 billion to $9.03 billion. For the next financial year, analysts anticipate that the firm will report sales of $9.42 billion, with estimates ranging from $8.72 billion to $10.07 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Williams Companies.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. During the same quarter last year, the company earned $0.04 EPS.
Several research firms have commented on WMB. Stifel Nicolaus assumed coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They set a “buy” rating and a $35.00 target price on the stock. Seaport Global Securities assumed coverage on shares of Williams Companies in a research note on Friday, October 19th. They issued a “buy” rating and a $31.00 price objective on the stock. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 23rd. US Capital Advisors reaffirmed a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 17th. Finally, Morgan Stanley set a $35.00 price objective on shares of Williams Companies and gave the stock an “overweight” rating in a research note on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $33.07.
Williams Companies stock traded down $0.22 during trading hours on Friday, hitting $25.33. 6,699,943 shares of the company traded hands, compared to its average volume of 10,019,952. The stock has a market cap of $21.92 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 5.29 and a beta of 1.57. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27. Williams Companies has a 1-year low of $23.54 and a 1-year high of $33.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.36 annualized dividend and a dividend yield of 5.37%. Williams Companies’s dividend payout ratio is currently 215.87%.
In other news, Director Michael A. Creel bought 25,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was bought at an average cost of $25.77 per share, for a total transaction of $644,250.00. Following the completion of the acquisition, the director now directly owns 20,907 shares in the company, valued at approximately $538,773.39. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chad J. Zamarin bought 2,500 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was purchased at an average price of $25.69 per share, with a total value of $64,225.00. Following the completion of the acquisition, the insider now owns 28,970 shares of the company’s stock, valued at $744,239.30. The disclosure for this purchase can be found here. Insiders bought a total of 38,500 shares of company stock worth $993,625 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bray Capital Advisors boosted its holdings in shares of Williams Companies by 100.0% in the second quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock worth $108,000 after buying an additional 2,000 shares during the period. Arrow Financial Corp acquired a new position in shares of Williams Companies in the second quarter worth about $113,000. Camarda Financial Advisors LLC boosted its holdings in shares of Williams Companies by 516.7% in the third quarter. Camarda Financial Advisors LLC now owns 4,163 shares of the pipeline company’s stock worth $113,000 after buying an additional 3,488 shares during the period. Squar Milner Financial Services LLC boosted its holdings in shares of Williams Companies by 152.6% in the third quarter. Squar Milner Financial Services LLC now owns 4,206 shares of the pipeline company’s stock worth $114,000 after buying an additional 2,541 shares during the period. Finally, First Interstate Bank boosted its holdings in shares of Williams Companies by 96.3% during the third quarter. First Interstate Bank now owns 4,318 shares of the pipeline company’s stock worth $117,000 after purchasing an additional 2,118 shares during the period. Institutional investors own 88.44% of the company’s stock.
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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