Williams Partners L.P. (WPZ) Set to Announce Quarterly Earnings on Wednesday
Williams Partners L.P. (NYSE:WPZ) will be announcing its Q313 earnings results on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $1.43 billion for the quarter.
Williams Partners L.P. (NYSE:WPZ) last announced its earnings results on Wednesday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.06. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, analysts expect Williams Partners L.P. to post $1.44 EPS for the current fiscal year and $2.06 EPS for the next fiscal year.
Shares of Williams Partners L.P. (NYSE:WPZ) traded down 0.19% on Tuesday, hitting $52.00. The stock had a trading volume of 87,496 shares. Williams Partners L.P. has a 1-year low of $45.01 and a 1-year high of $55.48. The stock’s 50-day moving average is $49.86 and its 200-day moving average is $50.72. The company has a market cap of $21.523 billion and a P/E ratio of 17.42.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 12th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.88 per share. This represents a $3.51 annualized dividend and a dividend yield of 6.74%.
WPZ has been the subject of a number of recent research reports. Analysts at ISI Group downgraded shares of Williams Partners L.P. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 14th. On the ratings front, analysts at TheStreet upgraded shares of Williams Partners L.P. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 3rd. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Williams Partners L.P. from $55.00 to $57.00 in a research note to investors on Wednesday, September 25th. They now have an “overweight” rating on the stock. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $51.27.
Williams Partners L.P. is a limited partnership formed by The Williams Companies, Inc (NYSE:WPZ).
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