Brokerages Expect Williams Companies Inc (WMB) Will Announce Quarterly Sales of $2.49 Billion

Equities analysts expect that Williams Companies Inc (NYSE:WMB) will post $2.49 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for Williams Companies’ earnings. The highest sales estimate is $2.67 billion and the lowest is $2.25 billion. Williams Companies reported sales of $2.23 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 11.7%. The firm is expected to issue its next earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that Williams Companies will report full year sales of $8.88 billion for the current year, with estimates ranging from $8.56 billion to $9.15 billion. For the next fiscal year, analysts expect that the company will post sales of $9.86 billion, with estimates ranging from $9.49 billion to $10.27 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Williams Companies.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the business earned $0.04 EPS.

Several equities research analysts have recently issued reports on WMB shares. Zacks Investment Research lowered Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 27th. ValuEngine downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Seaport Global Securities initiated coverage on shares of Williams Companies in a research report on Friday, October 19th. They issued a “buy” rating and a $31.00 price objective for the company. Mizuho initiated coverage on shares of Williams Companies in a research report on Wednesday, November 28th. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Credit Suisse Group initiated coverage on shares of Williams Companies in a research report on Thursday, October 11th. They issued an “outperform” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.71.

Shares of Williams Companies stock traded up $0.05 during trading hours on Friday, hitting $25.09. 234,258 shares of the company’s stock traded hands, compared to its average volume of 10,630,670. Williams Companies has a 12-month low of $20.36 and a 12-month high of $33.67. The firm has a market cap of $30.45 billion, a PE ratio of 39.83, a P/E/G ratio of 4.01 and a beta of 1.50. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.72 and a quick ratio of 0.66.

The business also recently declared a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 14th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, December 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.42%. Williams Companies’s payout ratio is 215.87%.

In other Williams Companies news, SVP Terrance Lane Wilson acquired 1,000 shares of Williams Companies stock in a transaction dated Friday, November 2nd. The stock was bought at an average cost of $25.75 per share, with a total value of $25,750.00. Following the acquisition, the senior vice president now owns 17,844 shares of the company’s stock, valued at $459,483. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Creel acquired 25,000 shares of Williams Companies stock in a transaction dated Friday, November 2nd. The shares were acquired at an average cost of $25.77 per share, with a total value of $644,250.00. Following the completion of the acquisition, the director now directly owns 20,907 shares in the company, valued at approximately $538,773.39. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 38,500 shares of company stock valued at $993,625. Insiders own 0.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in WMB. FTB Advisors Inc. increased its holdings in 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 buying an additional 2,544 shares during the last quarter. Camarda Financial Advisors LLC grew its holdings in shares of Williams Companies by 516.7% during the third quarter. Camarda Financial Advisors LLC now owns 4,163 shares of the pipeline company’s stock worth $113,000 after purchasing an additional 3,488 shares during the last quarter. Squar Milner Financial Services LLC grew its holdings in shares of 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 purchasing an additional 2,541 shares during the last quarter. First Interstate Bank grew its holdings in shares of 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 purchasing an additional 2,118 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. purchased a new position in shares of Williams Companies during the third quarter worth about $123,000. Institutional investors and hedge funds own 91.17% of the company’s stock.

Williams Companies Company Profile

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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Earnings History and Estimates for Williams Companies (NYSE:WMB)

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