WMB Has Positive Sentiment Surrounding its Earnings Release.
Equities research specialists speculate that The Williams Companies, Inc. (NYSE:WMB) will announce sales of $2.02 billion in their most recent quarter, reported by Zacks Investment Research. Two researchers have given estimates for The Williams Companies’ earnings. The highest sales are estimated at $2.09 billion and the lowest sales are $1.91 billion. The Williams Companies reported sales of $1.91 billion at this same quarter last year, which suggests a positive year over year growth rate of 5.8%. The business is expected to announce its next earnings upon the market closing on Monday, May 3rd.
Typically, analysts anticipate that The Williams Companies will announce full-year sales of $8.51 billion for 2021’s current year, with approximations ranging from as low as $7.97 billion to as high as $9.21 billion. Going into the following year, analysts also expect that the firm will announce sales of $8.69 billion, with approximations ranging from as high as $8.38 billion to as low as $9.23 billion. Zacks’ sales calculations are based upon a mean average on a survey of sell-side research companies that offer coverage for The Williams Companies.
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The Williams Companies (NYSE:WMB) last announced its quarterly earnings results this past Sunday, February 21st. The pipeline firm announced $0.31 earnings per stock for the quarter, nearly confirming the Zacks’ consensus approximation at $0.31. The Williams Companies had a return on investment of 7.77%, with a net margin of 1.86%. The company managed a revenue of $2.09 billion for the quarter, compared to researchers’ estimates of $1.86 billion. During the same quarter period in the previous year, the company earned $0.24 earnings per stock. The company’s revenue had decreased 3.6% on a year-to-year basis.
A number of researchers have responded on WMB shares. Morgan Stanley increased their price target on The Williams Companies from $26.00 to $28.00 giving the security an “equal weight” rating in a research note on Monday, March 29th. Mizuho boosted their price target on The Williams Companies from $26.00 to $27.00, giving the stock a “buy” signal in a announcement on Wednesday, February 24th.
TD Securities boosted their price target on The Williams Companies from $24.00 to $25.00 giving the shares a “buy” rating in an announcement on Tuesday, March 2nd. Raymond James increased their price objective on The Williams Companies from $24.00 to $25.00, giving the firm a “strong-buy” rating in an analyst note on Thursday, January 14th.
Finally, Scotiabank increased The Williams Companies from a “sector perform” rating to a “sector outperform” rating in an analyst note on Wednesday, March 10th. Two investment researchers have also given the stock with a hold rating, while nine have reported a buy rating and one has given a strong buy rating to the firm. Shares presently has an overall rating of “Buy” and an average price target of $25.00.