Analysts predict that Williams Companies Inc (NYSE:WMB) will announce $0.28 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Williams Companies’ earnings. The highest EPS estimate is $0.37 and the lowest is $0.24. Williams Companies reported earnings per share of $0.26 during the same quarter last year, which indicates a positive year-over-year growth rate of 7.7%. The company is scheduled to report its next earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that Williams Companies will report full-year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.17. For the next fiscal year, analysts forecast that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $0.97 to $1.57. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Williams Companies.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Williams Companies had a return on equity of 7.77% and a net margin of 1.86%. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS.
A number of analysts recently issued reports on WMB shares. TD Securities increased their price objective on Williams Companies from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Royal Bank of Canada reissued a “buy” rating on shares of Williams Companies in a report on Tuesday, August 11th. Mizuho raised their price target on Williams Companies from $20.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. They noted that the move was a valuation call. Citigroup raised their price target on Williams Companies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Credit Suisse Group raised their price target on Williams Companies from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Williams Companies currently has an average rating of “Buy” and a consensus target price of $23.40.
Institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in Williams Companies by 8.1% during the first quarter. State Street Corp now owns 67,210,691 shares of the pipeline company’s stock worth $951,031,000 after buying an additional 5,032,092 shares during the period. Blackstone Group Inc purchased a new position in Williams Companies during the second quarter worth about $632,483,000. Deutsche Bank AG boosted its stake in Williams Companies by 41.2% during the first quarter. Deutsche Bank AG now owns 25,428,848 shares of the pipeline company’s stock worth $359,817,000 after buying an additional 7,423,313 shares during the period. Clearbridge Investments LLC lifted its position in shares of Williams Companies by 11.8% during the first quarter. Clearbridge Investments LLC now owns 21,895,578 shares of the pipeline company’s stock worth $309,822,000 after purchasing an additional 2,306,194 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Williams Companies by 5.1% in the first quarter. Geode Capital Management LLC now owns 19,932,087 shares of the pipeline company’s stock valued at $282,236,000 after acquiring an additional 961,839 shares in the last quarter. Institutional investors own 83.57% of the company’s stock.
WMB traded down $0.38 during trading on Wednesday, reaching $20.36. 212,605 shares of the company were exchanged, compared to its average volume of 12,432,410. The company’s 50-day moving average is $20.96 and its two-hundred day moving average is $18.70. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 188.56, a P/E/G ratio of 3.80 and a beta of 1.80. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. Williams Companies has a 12-month low of $8.41 and a 12-month high of $25.14.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 7.86%. Williams Companies’s payout ratio is 161.62%.
Williams Companies Company Profile
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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