Analysts expect that Williams Companies Inc (NYSE:WMB) will report earnings of $0.16 per share for the current quarter, Zacks reports. Three analysts have made estimates for Williams Companies’ earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.12. Williams Companies reported earnings per share of $0.13 in the same quarter last year, which would indicate a positive year over year growth rate of 23.1%. The company is expected to report its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Williams Companies will report full year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.53 to $1.03. For the next fiscal year, analysts forecast that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.58 to $1.29. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Williams Companies.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, May 2nd. The pipeline company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.09 billion. Williams Companies had a return on equity of 3.61% and a net margin of 24.02%. During the same quarter last year, the firm earned $0.14 EPS.
WMB has been the subject of several analyst reports. ValuEngine cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. UBS Group restated a “buy” rating and issued a $36.00 target price (down from $37.00) on shares of Williams Companies in a research report on Friday, March 2nd. Zacks Investment Research upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. JPMorgan Chase & Co. upgraded shares of Williams Companies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 9th. Finally, Sanford C. Bernstein cut shares of Williams Companies from an “outperform” rating to a “market perform” rating and set a $30.00 target price for the company. in a research report on Monday, March 26th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.21.
In related news, Director Stephen I. Chazen purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The shares were bought at an average cost of $26.71 per share, with a total value of $106,840.00. Following the acquisition, the director now owns 29,610 shares of the company’s stock, valued at approximately $790,883.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ted T. Timmermans sold 12,392 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $28.08, for a total transaction of $347,967.36. Following the sale, the vice president now directly owns 27,347 shares in the company, valued at $767,903.76. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Williams Companies during the 4th quarter worth approximately $112,000. SeaCrest Wealth Management LLC bought a new stake in Williams Companies during the 4th quarter worth approximately $117,000. Botty Investors LLC grew its holdings in Williams Companies by 218.7% during 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 during the 1st quarter worth approximately $152,000. Finally, Point72 Asia Hong Kong Ltd grew its holdings in Williams Companies by 15,102.4% during 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. 85.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Williams Companies traded up $0.59, hitting $27.21, during midday trading on Friday, MarketBeat.com reports. The stock had a trading volume of 8,796,900 shares, compared to its average volume of 7,658,835. The stock has a market capitalization of $22.14 billion, a PE ratio of 43.19 and a beta of 1.41. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 1.34. Williams Companies has a fifty-two week low of $24.00 and a fifty-two week high of $33.67.
The business 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 dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Thursday, June 7th. Williams Companies’s dividend payout ratio (DPR) 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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