Brokerages Expect Williams Companies, Inc. (The) (NYSE:WMB) Will Announce Quarterly Sales of $2.17 Billion

Analysts predict that Williams Companies, Inc. (The) (NYSE:WMB) will announce $2.17 billion in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Williams Companies, Inc. (The)’s earnings. The lowest sales estimate is $1.94 billion and the highest is $2.40 billion. Williams Companies, Inc. (The) reported sales of $1.74 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Williams Companies, Inc. (The) will report full year sales of $2.17 billion for the current year, with estimates ranging from $7.89 billion to $8.57 billion. For the next year, analysts forecast that the company will post sales of $8.68 billion per share, with estimates ranging from $8.15 billion to $9.45 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow Williams Companies, Inc. (The).

Williams Companies, Inc. (The) (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.06. Williams Companies, Inc. (The) had a return on equity of 3.74% and a net margin of 0.18%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the business posted $0.03 EPS.

Several equities analysts have issued reports on the stock. Barclays PLC upgraded shares of Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $33.00 to $36.00 in a research note on Tuesday, July 18th. Zacks Investment Research cut shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and set a $34.00 target price on shares of Williams Companies, Inc. (The) in a research note on Friday, March 31st. Scotiabank set a $30.00 price target on shares of Williams Companies, Inc. (The) and gave the company a “hold” rating in a research report on Saturday. Finally, BMO Capital Markets set a $32.00 price target on shares of Williams Companies, Inc. (The) and gave the company a “buy” rating in a research report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $33.07.

In related news, Director Charles I. Cogut acquired 1,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was acquired at an average cost of $30.63 per share, with a total value of $30,630.00. Following the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $30,630. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen W. Bergstrom acquired 17,750 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were bought at an average cost of $28.12 per share, with a total value of $499,130.00. Following the completion of the acquisition, the director now owns 17,750 shares in the company, valued at $499,130. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 38,750 shares of company stock valued at $1,107,110 and have sold 92,561 shares valued at $2,876,240. Company insiders own 0.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. RidgeWorth Capital Management LLC increased its position in Williams Companies, Inc. (The) by 5.1% in the first quarter. RidgeWorth Capital Management LLC now owns 2,027,950 shares of the pipeline company’s stock worth $60,007,000 after buying an additional 99,275 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Williams Companies, Inc. (The) by 5.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,490 shares of the pipeline company’s stock worth $731,000 after buying an additional 1,220 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in Williams Companies, Inc. (The) by 693.8% in the first quarter. Miller Howard Investments Inc. NY now owns 2,530,635 shares of the pipeline company’s stock worth $74,881,000 after buying an additional 2,211,840 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Williams Companies, Inc. (The) by 4.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,036,416 shares of the pipeline company’s stock worth $30,701,000 after buying an additional 39,520 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in Williams Companies, Inc. (The) during the first quarter worth approximately $809,000. Hedge funds and other institutional investors own 84.65% of the company’s stock.

Shares of Williams Companies, Inc. (NYSE:WMB) opened at 31.60 on Wednesday. The company’s 50-day moving average is $29.86 and its 200-day moving average is $29.48. The stock has a market cap of $26.11 billion, a P/E ratio of 2106.67 and a beta of 1.38. Williams Companies, Inc. has a 12-month low of $22.39 and a 12-month high of $32.69.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Friday, June 9th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Wednesday, June 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is currently -3,998.67%.

About Williams Companies, Inc. (The)

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

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