Brokerages Anticipate The Williams Companies, Inc. (NYSE:WMB) Will Post Earnings of $0.35 Per Share

Wall Street brokerages forecast that The Williams Companies, Inc. (NYSE:WMBGet Rating) will post earnings per share of $0.35 for the current quarter, Zacks reports. Two analysts have issued estimates for Williams Companies’ earnings, with estimates ranging from $0.33 to $0.37. Williams Companies also posted earnings of $0.35 per share in the same quarter last year. The firm is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Williams Companies will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.60. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.43 per share, with EPS estimates ranging from $1.06 to $1.68. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Williams Companies.

Williams Companies (NYSE:WMBGet Rating) last posted its quarterly earnings results on Monday, February 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. Williams Companies had a net margin of 14.27% and a return on equity of 11.60%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share.

WMB has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Williams Companies from $27.00 to $29.00 in a report on Thursday, January 13th. Stifel Nicolaus upped their target price on shares of Williams Companies from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, March 1st. Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Tuesday, March 22nd. Mizuho upped their target price on shares of Williams Companies from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, March 17th. Finally, Raymond James boosted their price target on shares of Williams Companies from $36.00 to $40.00 and gave the stock a “strong-buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $33.92.

Williams Companies stock traded down $0.58 during midday trading on Friday, reaching $35.10. 8,957,621 shares of the stock were exchanged, compared to its average volume of 9,427,811. The company’s fifty day moving average is $32.59 and its 200-day moving average is $29.68. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.84 and a current ratio of 0.91. The firm has a market cap of $42.67 billion, a PE ratio of 28.31, a PEG ratio of 7.24 and a beta of 1.27. Williams Companies has a 52 week low of $23.25 and a 52 week high of $36.37.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 28th. Stockholders of record on Friday, March 11th were paid a $0.425 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.84%. Williams Companies’s dividend payout ratio is 137.10%.

In other Williams Companies news, SVP Scott A. Hallam sold 12,838 shares of the stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of $33.86, for a total transaction of $434,694.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Walter J. Bennett sold 24,219 shares of the stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $29.70, for a total transaction of $719,304.30. The disclosure for this sale can be found here. Insiders sold a total of 304,200 shares of company stock valued at $9,437,992 in the last ninety days. 0.43% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Williams Companies by 8.0% in the 4th quarter. BlackRock Inc. now owns 108,224,766 shares of the pipeline company’s stock worth $2,818,173,000 after purchasing an additional 8,047,294 shares in the last quarter. Deutsche Bank AG raised its holdings in Williams Companies by 3.1% in the 3rd quarter. Deutsche Bank AG now owns 27,201,917 shares of the pipeline company’s stock worth $705,616,000 after purchasing an additional 805,296 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Williams Companies by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 26,090,748 shares of the pipeline company’s stock worth $676,795,000 after acquiring an additional 227,198 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Williams Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 23,035,416 shares of the pipeline company’s stock worth $598,316,000 after acquiring an additional 577,908 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Williams Companies by 10.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 15,064,224 shares of the pipeline company’s stock worth $390,767,000 after acquiring an additional 1,477,599 shares in the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

About Williams Companies (Get Rating)

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

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