$2.04 Billion in Sales Expected for Williams Companies Inc (WMB) This Quarter
Brokerages expect that Williams Companies Inc (NYSE:WMB) will announce $2.04 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Williams Companies’ earnings. The lowest sales estimate is $1.92 billion and the highest is $2.16 billion. Williams Companies posted sales of $2.20 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.3%. The business is scheduled to report its next earnings results on Wednesday, February 21st.
On average, analysts expect that Williams Companies will report full year sales of $2.04 billion for the current fiscal year, with estimates ranging from $7.62 billion to $7.96 billion. For the next financial year, analysts forecast that the firm will report sales of $8.27 billion per share, with estimates ranging from $7.88 billion to $8.73 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Williams Companies.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year.
In other news, insider Donald R. Chappel sold 272,088 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $30.32, for a total value of $8,249,708.16. Following the transaction, the insider now owns 60,032 shares of the company’s stock, valued at $1,820,170.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robyn L. Ewing sold 9,913 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $29.99, for a total value of $297,290.87. Following the completion of the transaction, the insider now directly owns 27,090 shares in the company, valued at approximately $812,429.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 283,501 shares of company stock valued at $8,590,124. 0.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMB. FMR LLC boosted its holdings in Williams Companies by 1.8% during the 2nd quarter. FMR LLC now owns 75,368,938 shares of the pipeline company’s stock valued at $2,282,171,000 after acquiring an additional 1,347,813 shares during the period. BlackRock Inc. raised its position in shares of Williams Companies by 9.9% in the 2nd quarter. BlackRock Inc. now owns 64,872,653 shares of the pipeline company’s stock worth $1,964,347,000 after acquiring an additional 5,850,607 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Williams Companies by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 64,062,726 shares of the pipeline company’s stock worth $1,939,819,000 after acquiring an additional 2,671,905 shares in the last quarter. State Street Corp grew its stake in Williams Companies by 0.4% during the 2nd quarter. State Street Corp now owns 42,452,276 shares of the pipeline company’s stock worth $1,285,450,000 after buying an additional 162,568 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. grew its stake in Williams Companies by 0.5% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 15,290,873 shares of the pipeline company’s stock worth $458,879,000 after buying an additional 78,109 shares during the last quarter. Institutional investors and hedge funds own 84.84% of the company’s stock.
Williams Companies (WMB) opened at $29.05 on Tuesday. The firm has a market cap of $24,020.00, a P/E ratio of 49.64, a PEG ratio of 3.13 and a beta of 1.37. Williams Companies has a 1-year low of $26.82 and a 1-year high of $32.69. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, December 7th. Williams Companies’s payout ratio is 210.53%.
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Williams Companies Company Profile
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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