Brokerages Expect Williams Companies Inc (NYSE:WMB) to Post $0.25 EPS

Equities research analysts predict that Williams Companies Inc (NYSE:WMB) will announce earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Williams Companies’ earnings. The lowest EPS estimate is $0.20 and the highest is $0.27. Williams Companies reported earnings per share of $0.24 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The business is expected to announce its next quarterly earnings report on Wednesday, October 30th.

On average, analysts expect that Williams Companies will report full year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.91 to $1.04. For the next financial year, analysts anticipate that the firm will post earnings of $1.09 per share, with EPS estimates ranging from $0.93 to $1.21. Zacks’ earnings per share averages 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 released its earnings results 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. Williams Companies had a net margin of 0.73% and a return on equity of 6.55%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the business earned $0.16 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis.

WMB has been the topic of a number of analyst reports. ValuEngine upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Friday. Raymond James upgraded shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, June 26th. They noted that the move was a valuation call. Barclays restated a “buy” rating and issued a $32.00 price objective on shares of Williams Companies in a report on Thursday, July 18th. Finally, Stifel Nicolaus reduced their price objective on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Williams Companies presently has an average rating of “Buy” and a consensus target price of $32.00.

In related news, VP Ted T. Timmermans sold 5,000 shares of Williams Companies stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $26.06, for a total transaction of $130,300.00. Following the sale, the vice president now directly owns 18,666 shares in the company, valued at approximately $486,435.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen I. Chazen purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $27.33 per share, for a total transaction of $273,300.00. Following the completion of the purchase, the director now directly owns 45,730 shares in the company, valued at $1,249,800.90. The disclosure for this purchase can be found here. 0.26% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in WMB. Truvestments Capital LLC raised its stake 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 acquiring an additional 750 shares in the last quarter. Legacy Advisors LLC acquired a new stake in Williams Companies during the 1st quarter worth $29,000. Liberty Wealth Management LLC acquired a new stake in Williams Companies during the 4th quarter worth $29,000. Trustcore Financial Services LLC acquired a new stake in Williams Companies during the 1st quarter worth $29,000. Finally, Cornerstone Advisors Inc. raised its stake in Williams Companies by 75.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 562 shares in the last quarter. Hedge funds and other institutional investors own 88.13% of the company’s stock.

Shares of WMB traded down $0.51 during midday trading on Friday, reaching $25.01. The stock had a trading volume of 12,022,131 shares, compared to its average volume of 7,329,837. Williams Companies has a 1-year low of $20.36 and a 1-year high of $32.22. The business has a fifty day moving average price of $27.38. The firm has a market capitalization of $29.86 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 3.97 and a beta of 1.56. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.28 and a current ratio of 0.31.

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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