$2.12 Billion in Sales Expected for Williams Companies Inc (NYSE:WMB) This Quarter

Brokerages predict that Williams Companies Inc (NYSE:WMB) will announce $2.12 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Williams Companies’ earnings, with the highest sales estimate coming in at $2.18 billion and the lowest estimate coming in at $2.06 billion. Williams Companies reported sales of $2.20 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 3.6%. The business is expected to announce its next quarterly earnings results on Wednesday, February 12th.

According to Zacks, analysts expect that Williams Companies will report full year sales of $8.28 billion for the current fiscal year, with estimates ranging from $8.16 billion to $8.41 billion. For the next fiscal year, analysts expect that the company will post sales of $9.17 billion, with estimates ranging from $8.41 billion to $9.93 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Williams Companies.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, October 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. Williams Companies had a net margin of 1.87% and a return on equity of 6.95%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share.

Several brokerages have recently weighed in on WMB. Raymond James lowered their target price on shares of Williams Companies from $33.00 to $32.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 23rd. Citigroup lowered their target price on shares of Williams Companies from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday. Scotiabank began coverage on shares of Williams Companies in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $28.00 target price on the stock. UBS Group reaffirmed a “buy” rating and issued a $29.00 target price (down previously from $30.00) on shares of Williams Companies in a report on Monday, November 25th. Finally, Scotia Howard Weill began coverage on shares of Williams Companies in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.60 target price on the stock. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $28.12.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC acquired a new stake in shares of Williams Companies in the second quarter valued at about $30,000. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Williams Companies in the third quarter valued at about $27,000. Citizens Financial Group Inc RI lifted its stake in shares of Williams Companies by 83.5% in the third quarter. Citizens Financial Group Inc RI now owns 1,180 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 537 shares during the period. Ellevest Inc. lifted its stake in shares of Williams Companies by 205.4% in the second quarter. Ellevest Inc. now owns 1,197 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 805 shares during the period. Finally, CSat Investment Advisory L.P. lifted its stake in shares of Williams Companies by 277.4% in the second quarter. CSat Investment Advisory L.P. now owns 1,238 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 910 shares during the period. Hedge funds and other institutional investors own 86.85% of the company’s stock.

Shares of NYSE:WMB traded down $0.07 during midday trading on Wednesday, hitting $22.13. The stock had a trading volume of 9,406,582 shares, compared to its average volume of 7,883,093. The company has a market capitalization of $27.30 billion, a PE ratio of 28.01, a P/E/G ratio of 3.52 and a beta of 1.56. The stock has a 50 day moving average price of $22.72 and a two-hundred day moving average price of $24.92. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.23. Williams Companies has a 1 year low of $20.36 and a 1 year high of $29.55.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Thursday, December 12th. Williams Companies’s dividend payout ratio (DPR) is 192.41%.

About Williams Companies

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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