The Williams Companies, Inc. (NYSE:WMB) Expected to Announce Earnings of $0.30 Per Share

Wall Street brokerages forecast that The Williams Companies, Inc. (NYSE:WMB) will post earnings of $0.30 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Williams Companies’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.34. Williams Companies reported earnings of $0.31 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.2%. The firm is expected to report its next earnings results on Monday, February 28th.

On average, analysts expect that Williams Companies will report full-year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.25 to $1.26. For the next year, analysts anticipate that the company will post earnings of $1.21 per share, with EPS estimates ranging from $1.08 to $1.34. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Williams Companies.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Sunday, October 31st. The pipeline company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Williams Companies had a return on equity of 10.84% and a net margin of 10.67%. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. Williams Companies’s quarterly revenue was up 28.0% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the stock. US Capital Advisors lowered shares of Williams Companies from an “overweight” rating to a “hold” rating in a research note on Thursday, November 18th. Bank of America began coverage on shares of Williams Companies in a research note on Tuesday, September 28th. They issued a “buy” rating for the company. Wolfe Research lowered shares of Williams Companies from an “outperform” rating to a “peer perform” rating and set a $29.00 price objective for the company. in a report on Tuesday, October 19th. TD Securities raised their price target on Williams Companies from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 4th. Finally, Citigroup boosted their target price on Williams Companies from $27.00 to $29.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $30.27.

WMB traded up $0.09 during trading on Friday, reaching $29.02. The company’s stock had a trading volume of 105,552 shares, compared to its average volume of 10,768,379. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.51 and a current ratio of 0.58. Williams Companies has a 52-week low of $21.05 and a 52-week high of $29.89. The company has a market capitalization of $35.26 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 6.80 and a beta of 1.40. The company’s fifty day moving average price is $27.28 and its 200-day moving average price is $26.50.

The business also recently declared a quarterly dividend, which was paid on Monday, December 27th. Investors of record on Friday, December 10th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend was Thursday, December 9th. Williams Companies’s dividend payout ratio is currently 200.00%.

Several hedge funds have recently made changes to their positions in WMB. Seven Eight Capital LP bought a new stake in Williams Companies in the 2nd quarter valued at about $2,265,000. Redwood Investment Management LLC raised its stake in shares of Williams Companies by 16.9% in the second quarter. Redwood Investment Management LLC now owns 47,350 shares of the pipeline company’s stock worth $1,167,000 after buying an additional 6,838 shares during the period. Commonwealth Equity Services LLC grew its holdings in Williams Companies by 15.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 125,347 shares of the pipeline company’s stock valued at $3,327,000 after buying an additional 17,039 shares in the last quarter. Amundi purchased a new position in shares of Williams Companies in the 2nd quarter worth approximately $132,068,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in Williams Companies during the 3rd quarter valued at $797,000. 83.78% of the stock is owned by institutional investors.

About Williams Companies

The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; Northeast G&P; and West. The Transmission and Gulf of Mexico segment comprises of interstate natural gas pipelines, Transco and Northwest Pipeline, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.

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