Brokerages forecast that Williams Companies Inc (NYSE:WMB) will announce earnings of $0.20 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Williams Companies’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.40. Williams Companies reported earnings per share of $0.13 in the same quarter last year, which suggests a positive year over year growth rate of 53.8%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Williams Companies will report full year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.53 to $1.57. For the next year, analysts forecast that the firm will post earnings of $1.04 per share, with EPS estimates ranging from $0.58 to $1.71. Zacks’ EPS averages are an average based on a survey of research analysts that cover Williams Companies.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 2nd. The pipeline company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Williams Companies had a net margin of 24.02% and a return on equity of 3.61%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the firm earned $0.14 earnings per share.
A number of research firms have recently weighed in on WMB. Zacks Investment Research cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Scotiabank reaffirmed a “hold” rating and set a $36.00 price objective on shares of Williams Companies in a research report on Monday, January 29th. ValuEngine cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. JPMorgan Chase & Co. raised Williams Companies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 9th. Finally, UBS reaffirmed a “buy” rating and set a $36.00 price objective (down from $37.00) on shares of Williams Companies in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Williams Companies has a consensus rating of “Buy” and an average price target of $33.21.
In related news, VP Ted T. Timmermans sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $28.28, for a total value of $56,560.00. Following the transaction, the vice president now directly owns 17,945 shares of the company’s stock, valued at approximately $507,484.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen I. Chazen purchased 4,000 shares of the stock in a transaction that occurred on Friday, May 25th. The stock was acquired at an average cost of $26.71 per share, for a total transaction of $106,840.00. Following the completion of the acquisition, the director now owns 29,610 shares in the company, valued at approximately $790,883.10. The disclosure for this purchase can be found here. Over the last three months, insiders sold 18,392 shares of company stock worth $517,767. 0.53% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Williams Companies in the 4th quarter worth approximately $112,000. SeaCrest Wealth Management LLC bought a new stake in Williams Companies in the 4th quarter worth approximately $117,000. Botty Investors LLC increased its stake in Williams Companies by 218.7% in the 1st quarter. Botty Investors LLC now owns 5,409 shares of the pipeline company’s stock worth $134,000 after acquiring an additional 3,712 shares during the last quarter. KHP Capital LLC bought a new stake in Williams Companies in the 1st quarter worth approximately $152,000. Finally, Point72 Asia Hong Kong Ltd increased its stake in Williams Companies by 15,102.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 6,233 shares of the pipeline company’s stock worth $155,000 after acquiring an additional 6,192 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.
Williams Companies opened at $26.99 on Wednesday, Marketbeat Ratings reports. Williams Companies has a twelve month low of $24.00 and a twelve month high of $33.67. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.03 and a current ratio of 1.11. The stock has a market cap of $22.50 billion, a PE ratio of 42.84 and a beta of 1.38.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.36 dividend on an annualized basis and a yield of 5.04%. Williams Companies’s dividend payout ratio is presently 215.87%.
About Williams Companies
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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