Williams Companies (WMB) to Release Quarterly Earnings on Wednesday

Williams Companies (NYSE:WMB) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Williams Companies to post earnings of $0.42 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, analysts expect Williams Companies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Williams Companies Stock Up 1.1 %

Shares of NYSE WMB opened at $52.14 on Tuesday. The firm has a market cap of $63.55 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 5.78 and a beta of 1.03. The company’s 50-day simple moving average is $48.04 and its 200-day simple moving average is $43.96. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. Williams Companies has a 52-week low of $32.65 and a 52-week high of $52.85.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research analyst reports. Barclays increased their target price on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Citigroup raised their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group lifted their target price on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $52.00 to $58.00 in a research report on Friday, October 4th. Finally, Mizuho boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus target price of $49.62.

About Williams Companies

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.