$2.11 Billion in Sales Expected for Williams Companies Inc (NYSE:WMB) This Quarter

Wall Street brokerages expect Williams Companies Inc (NYSE:WMB) to post $2.11 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Williams Companies’ earnings, with estimates ranging from $2.08 billion to $2.13 billion. Williams Companies posted sales of $2.30 billion in the same quarter last year, which would indicate a negative year over year growth rate of 8.3%. The company is expected to report its next earnings report after the market closes on Wednesday, October 30th.

According to Zacks, analysts expect that Williams Companies will report full year sales of $8.38 billion for the current year, with estimates ranging from $8.36 billion to $8.41 billion. For the next financial year, analysts expect that the firm will report sales of $9.37 billion, with estimates ranging from $8.81 billion to $9.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Williams Companies.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. Williams Companies’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share.

A number of research firms have weighed in on WMB. ValuEngine upgraded Williams Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup decreased their price target on Williams Companies from $31.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Raymond James upgraded Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Wednesday, June 26th. They noted that the move was a valuation call. Scotiabank began coverage on Williams Companies in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $28.00 price target for the company. Finally, Credit Suisse Group decreased their price target on Williams Companies from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $29.12.

WMB stock traded up $0.11 during mid-day trading on Friday, reaching $22.91. The company had a trading volume of 10,487,430 shares, compared to its average volume of 7,164,250. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.56. The stock has a 50 day simple moving average of $23.93 and a two-hundred day simple moving average of $26.21. The company has a market capitalization of $27.63 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 3.63 and a beta of 1.55. Williams Companies has a 52 week low of $20.36 and a 52 week high of $29.55.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.63%. Williams Companies’s payout ratio is 192.41%.

In other Williams Companies news, SVP Terrance Lane Wilson acquired 4,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $23.60 per share, with a total value of $94,400.00. Following the completion of the transaction, the senior vice president now directly owns 43,726 shares in the company, valued at approximately $1,031,933.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John D. Chandler acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $23.24 per share, with a total value of $232,400.00. Following the completion of the transaction, the insider now owns 63,052 shares of the company’s stock, valued at $1,465,328.48. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 44,000 shares of company stock valued at $1,028,200. Insiders own 0.26% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC lifted its holdings in Williams Companies by 360.6% during the 2nd quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 750 shares during the last quarter. Garrett Wealth Advisory Group LLC acquired a new stake in Williams Companies during the 3rd quarter worth approximately $27,000. Prime Capital Investment Advisors LLC acquired a new stake in Williams Companies during the 2nd quarter worth approximately $30,000. Ellevest Inc. lifted its holdings in Williams Companies by 205.4% during the 2nd quarter. Ellevest Inc. now owns 1,197 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 805 shares during the last quarter. Finally, CSat Investment Advisory L.P. lifted its holdings in Williams Companies by 277.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,238 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 910 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

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

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