$0.25 EPS Expected for Williams Companies Inc (NYSE:WMB) This Quarter

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Wall Street brokerages expect Williams Companies Inc (NYSE:WMB) to report earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Williams Companies’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.27. Williams Companies posted earnings of $0.24 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The company is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Williams Companies will report full year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.91 to $1.04. For the next financial year, analysts forecast that the firm will report earnings of $1.08 per share, with EPS estimates ranging from $0.93 to $1.15. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Williams Companies.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, July 31st. The pipeline company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm posted $0.16 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis.

Several equities research analysts recently commented on the company. Argus cut Williams Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus decreased their target price on Williams Companies from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Barclays reaffirmed a “buy” rating and set a $32.00 target price on shares of Williams Companies in a research note on Thursday, July 18th. Raymond James raised Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Wednesday, June 26th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein cut Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 price objective for the company. in a research note on Sunday, August 4th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.87.

In other news, SVP Terrance Lane Wilson acquired 4,000 shares of Williams Companies stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $23.60 per share, with a total value of $94,400.00. Following the completion of the purchase, the senior vice president now owns 43,726 shares of the company’s stock, valued at approximately $1,031,933.60. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen I. Chazen acquired 10,000 shares of Williams Companies stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $27.33 per share, with a total value of $273,300.00. Following the purchase, the director now directly owns 45,730 shares of the company’s stock, valued at approximately $1,249,800.90. The disclosure for this purchase can be found here. Insiders acquired 34,000 shares of company stock valued at $839,400 in the last three months. Insiders own 0.26% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank lifted its holdings in shares of Williams Companies by 17.6% in the first quarter. Toronto Dominion Bank now owns 786,940 shares of the pipeline company’s stock valued at $22,595,000 after purchasing an additional 117,942 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Williams Companies by 27.2% in the first quarter. Merit Financial Group LLC now owns 13,749 shares of the pipeline company’s stock valued at $394,000 after purchasing an additional 2,936 shares in the last quarter. Crawford Investment Counsel Inc. lifted its holdings in shares of Williams Companies by 11.2% in the first quarter. Crawford Investment Counsel Inc. now owns 459,893 shares of the pipeline company’s stock valued at $13,208,000 after purchasing an additional 46,400 shares in the last quarter. Trust Asset Management LLC lifted its holdings in shares of Williams Companies by 123.9% in the first quarter. Trust Asset Management LLC now owns 1,386,857 shares of the pipeline company’s stock valued at $39,831,000 after purchasing an additional 767,373 shares in the last quarter. Finally, AGF Investments America Inc. lifted its holdings in shares of Williams Companies by 7.1% in the first quarter. AGF Investments America Inc. now owns 90,095 shares of the pipeline company’s stock valued at $2,588,000 after purchasing an additional 5,997 shares in the last quarter. 88.15% of the stock is owned by hedge funds and other institutional investors.

NYSE WMB traded down $0.04 during trading hours on Friday, hitting $23.99. 7,337,706 shares of the company’s stock were exchanged, compared to its average volume of 9,611,071. The firm has a 50-day moving average of $26.97. Williams Companies has a 1-year low of $20.36 and a 1-year high of $32.05. The stock has a market cap of $28.63 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 3.78 and a beta of 1.56. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 1.22.

Williams Companies Company Profile

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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Earnings History and Estimates for Williams Companies (NYSE:WMB)

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