Williams Companies, Inc. (The) (WMB) Set to Announce Quarterly Earnings on Monday
Williams Companies, Inc. (The) (NYSE:WMB) is scheduled to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Williams Companies, Inc. (The) (NYSE:WMB) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. During the same period last year, the firm posted $0.19 earnings per share. On average, analysts expect Williams Companies, Inc. (The) to post $0.73 EPS for the current fiscal year and $0.86 EPS for the next fiscal year.
Shares of Williams Companies, Inc. (NYSE:WMB) opened at 29.33 on Monday. The stock has a market capitalization of $24.25 billion, a P/E ratio of 46.26 and a beta of 1.38. The stock has a 50 day moving average of $30.09 and a 200-day moving average of $30.10. Williams Companies, Inc. has a 1-year low of $27.35 and a 1-year high of $32.69.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 8th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.20 annualized dividend and a yield of 4.09%. Williams Companies, Inc. (The)’s payout ratio is 196.72%.
Several research firms recently commented on WMB. Sanford C. Bernstein restated an “outperform” rating on shares of Williams Companies, Inc. (The) in a report on Thursday, August 10th. BidaskClub lowered shares of Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and issued a $36.00 price target on shares of Williams Companies, Inc. (The) in a report on Monday, October 16th. Zacks Investment Research lowered shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Wolfe Research began coverage on shares of Williams Companies, Inc. (The) in a report on Monday, September 25th. They issued an “outperform” rating and a $34.00 price target on the stock. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $34.00.
In other news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $30.66, for a total transaction of $61,320.00. Following the completion of the sale, the vice president now owns 11,094 shares of the company’s stock, valued at $340,142.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald R. Chappel sold 272,088 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $30.32, for a total transaction of $8,249,708.16. Following the sale, the insider now directly owns 60,032 shares of the company’s stock, valued at approximately $1,820,170.24. The disclosure for this sale can be found here. Insiders have sold 284,001 shares of company stock valued at $8,608,319 in the last three months. Corporate insiders own 0.53% of the company’s stock.
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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