Wall Street brokerages expect The Williams Companies, Inc. (NYSE:WMB) to announce sales of $2.44 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for The Williams Companies’ earnings. The highest sales estimate is $2.53 billion and the lowest is $2.34 billion. The Williams Companies posted sales of $1.93 billion during the same quarter last year, which suggests a positive year over year growth rate of 26.4%. The company is scheduled to issue its next quarterly earnings results on Monday, November 1st.
On average, analysts expect that The Williams Companies will report full-year sales of $10.16 billion for the current financial year, with estimates ranging from $9.64 billion to $10.65 billion. For the next fiscal year, analysts forecast that the business will report sales of $10.29 billion, with estimates ranging from $9.63 billion to $10.74 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover The Williams Companies.
The Williams Companies (NYSE:WMB) last announced its earnings results on Sunday, August 1st. The pipeline company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.07 billion. The Williams Companies had a return on equity of 10.13% and a net margin of 12.94%. The Williams Companies’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS.
In other news, SVP Walter J. Bennett sold 43,975 shares of the firm’s stock in a transaction dated Friday, October 8th. The stock was sold at an average price of $28.00, for a total transaction of $1,231,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.34% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. TD Capital Management LLC acquired a new stake in The Williams Companies in the 2nd quarter valued at approximately $25,000. Parisi Gray Wealth Management acquired a new stake in The Williams Companies in the 2nd quarter valued at approximately $26,000. Cowen Prime Advisors LLC acquired a new stake in The Williams Companies in the 2nd quarter valued at approximately $27,000. GeoWealth Management LLC acquired a new stake in The Williams Companies in the 2nd quarter valued at approximately $30,000. Finally, IronBridge Private Wealth LLC acquired a new stake in The Williams Companies in the 1st quarter valued at approximately $50,000. 83.54% of the stock is currently owned by institutional investors and hedge funds.
The Williams Companies stock remained flat at $$28.93 during mid-day trading on Wednesday. The company had a trading volume of 7,136,670 shares, compared to its average volume of 8,036,690. The firm’s 50 day moving average is $25.35 and its 200-day moving average is $25.49. The firm has a market cap of $35.15 billion, a PE ratio of 30.78, a PEG ratio of 4.12 and a beta of 1.49. The Williams Companies has a fifty-two week low of $18.26 and a fifty-two week high of $29.02. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.70 and a quick ratio of 0.65.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 27th. Stockholders of record on Friday, September 10th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Thursday, September 9th. The Williams Companies’s dividend payout ratio is currently 149.09%.
The Williams Companies announced that its board has approved a share buyback program on Wednesday, September 8th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the pipeline company to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
About The Williams Companies
The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; Northeast G&P; and West. The Transmission and Gulf of Mexico segment comprises of interstate natural gas pipelines, Transco and Northwest Pipeline, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.
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