Equities research analysts expect that Williams Companies Inc (NYSE:WMB) will announce $2.49 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Williams Companies’ earnings, with the highest sales estimate coming in at $2.67 billion and the lowest estimate coming in at $2.25 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 11.7%. The business is expected to report its next quarterly earnings results on Wednesday, February 13th.
On average, analysts expect that Williams Companies will report full year sales of $8.86 billion for the current financial year, with estimates ranging from $8.56 billion to $9.15 billion. For the next financial year, analysts forecast that the company will post sales of $9.70 billion, with estimates ranging from $9.06 billion to $10.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Williams Companies.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. During the same period in the previous year, the firm posted $0.04 earnings per share.
A number of equities research analysts recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of Williams Companies in a research note on Friday, October 19th. They set a “buy” rating and a $31.00 price target for the company. US Capital Advisors raised shares of Williams Companies from a “hold” rating to an “overweight” rating in a research note on Wednesday, October 17th. Zacks Investment Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 27th. Bank of America dropped their price target on shares of Williams Companies from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Finally, ValuEngine downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $32.76.
In other Williams Companies news, Director Kathleen B. Cooper sold 9,760 shares of the stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $25.60, for a total value of $249,856.00. Following the completion of the sale, the director now owns 41,887 shares in the company, valued at $1,072,307.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Chad J. Zamarin purchased 2,500 shares of the business’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 purchase, 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 have purchased 38,500 shares of company stock valued at $993,625 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in WMB. FTB Advisors Inc. raised its position in shares of Williams Companies by 350.4% in the third quarter. FTB Advisors Inc. now owns 3,270 shares of the pipeline company’s stock valued at $150,000 after purchasing an additional 2,544 shares during the period. Camarda Financial Advisors LLC raised its position 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 valued at $113,000 after purchasing an additional 3,488 shares during the period. Squar Milner Financial Services LLC increased its position in Williams Companies by 152.6% during the third quarter. Squar Milner Financial Services LLC now owns 4,206 shares of the pipeline company’s stock worth $114,000 after acquiring an additional 2,541 shares during the period. First Interstate Bank increased its position in 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 acquiring an additional 2,118 shares during the period. Finally, Honkamp Krueger Financial Services Inc. bought a new position in Williams Companies during the third quarter worth about $123,000. Hedge funds and other institutional investors own 91.17% of the company’s stock.
WMB opened at $25.15 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. The company has a market cap of $28.51 billion, a P/E ratio of 39.92, a price-to-earnings-growth ratio of 3.77 and a beta of 1.50. Williams Companies has a fifty-two week low of $20.36 and a fifty-two week high of $33.67.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Friday, December 14th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend was Thursday, December 13th. Williams Companies’s payout ratio is 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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