Equities analysts expect that Williams Companies Inc (NYSE:WMB) will announce earnings per share (EPS) of $0.16 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Williams Companies’ earnings, with estimates ranging from $0.12 to $0.24. Williams Companies posted earnings of $0.13 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.1%. The firm 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 year, analysts anticipate that the firm will post earnings of $0.90 per share, with EPS estimates ranging from $0.58 to $1.29. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Williams Companies.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 2nd. The pipeline company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Williams Companies had a net margin of 24.02% and a return on equity of 3.61%. During the same period in the prior year, the company earned $0.14 earnings per share.
Several analysts have commented on WMB shares. JPMorgan Chase & Co. raised Williams Companies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 9th. ValuEngine raised Williams Companies from a “sell” rating to a “hold” rating in a research note on Tuesday. UBS Group reaffirmed a “buy” rating and set a $36.00 price objective (down from $37.00) on shares of Williams Companies in a research note on Friday, March 2nd. Barclays cut their target price on Williams Companies from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 17th. Finally, Scotiabank raised Williams Companies from a “sector perform” rating to a “buy” rating in a research note on Friday, May 18th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $33.21.
WMB traded up $0.59 on Friday, hitting $27.21. 8,796,900 shares of the company traded hands, compared to its average volume of 7,658,835. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 1.34. The company has a market cap of $22.14 billion, a PE ratio of 43.19 and a beta of 1.41. Williams Companies has a 12-month low of $24.00 and a 12-month high of $33.67.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Friday, June 8th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis 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 215.87%.
In other news, Director Stephen I. Chazen purchased 4,000 shares of the stock in a transaction that occurred on Friday, May 25th. The shares were acquired at an average price of $26.71 per share, for a total transaction of $106,840.00. Following the acquisition, the director now directly owns 29,610 shares in the company, valued at approximately $790,883.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ted T. Timmermans sold 12,392 shares of the company’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 value of $347,967.36. Following the completion of the sale, the vice president now owns 27,347 shares in the company, valued at approximately $767,903.76. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Williams Companies in the 4th quarter worth approximately $112,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Williams Companies in the 4th quarter worth approximately $117,000. Botty Investors LLC grew its holdings in shares of 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 period. KHP Capital LLC acquired a new stake in shares of Williams Companies in the 1st quarter worth approximately $152,000. Finally, Point72 Asia Hong Kong Ltd grew its holdings in shares of 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 period. Institutional investors and hedge funds own 85.80% of the company’s stock.
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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