Equities analysts expect that Williams Companies Inc (NYSE:WMB) will report $2.21 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Williams Companies’ earnings, with estimates ranging from $2.08 billion to $2.33 billion. Williams Companies posted sales of $2.09 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The business is scheduled to issue its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Williams Companies will report full-year sales of $8.99 billion for the current fiscal year, with estimates ranging from $8.48 billion to $9.49 billion. For the next financial year, analysts expect that the firm will report sales of $9.65 billion, with estimates ranging from $9.13 billion to $10.17 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Williams Companies.
Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
A number of brokerages recently issued reports on WMB. Raymond James raised Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Wednesday. They noted that the move was a valuation call. Mizuho set a $32.00 target price on Williams Companies and gave the company a “buy” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.31.
Shares of NYSE WMB traded up $0.04 during trading hours on Thursday, reaching $27.54. The stock had a trading volume of 6,632,839 shares, compared to its average volume of 7,232,578. The stock has a market capitalization of $32.46 billion, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 4.34 and a beta of 1.62. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.28 and a current ratio of 0.31. Williams Companies has a fifty-two week low of $20.36 and a fifty-two week high of $32.22. The business’s 50-day simple moving average is $27.25.
The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.52%. Williams Companies’s dividend payout ratio (DPR) is presently 192.41%.
In other Williams Companies news, VP Ted T. Timmermans sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $26.06, for a total transaction of $130,300.00. Following the completion of the sale, the vice president now directly owns 18,666 shares of the company’s stock, valued at approximately $486,435.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen I. Chazen acquired 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $27.33 per share, with a total value of $273,300.00. Following the completion of the transaction, the director now directly owns 45,730 shares in the company, valued at approximately $1,249,800.90. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its position in shares of Williams Companies by 47.6% during the third quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after buying an additional 30,031,200 shares during the period. Norges Bank acquired a new position in Williams Companies during the 4th quarter worth approximately $257,472,000. Neuberger Berman Group LLC increased its position in Williams Companies by 46.1% during the 1st quarter. Neuberger Berman Group LLC now owns 10,770,310 shares of the pipeline company’s stock worth $309,324,000 after purchasing an additional 3,397,742 shares in the last quarter. Cohen & Steers Inc. increased its position in Williams Companies by 379.6% during the 4th quarter. Cohen & Steers Inc. now owns 3,502,742 shares of the pipeline company’s stock worth $77,235,000 after purchasing an additional 2,772,432 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Williams Companies by 42.4% during the 1st quarter. Jennison Associates LLC now owns 8,396,454 shares of the pipeline company’s stock worth $241,146,000 after purchasing an additional 2,499,075 shares in the last quarter. 87.97% of the stock is owned by institutional investors.
About Williams Companies
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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