Williams-Sonoma, Inc. (WSM) Updates FY15 Earnings Guidance
Williams-Sonoma, Inc. (NYSE:WSM) updated its FY15 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.07-3.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.17, Analyst Ratings Net reports. The company issued revenue guidance of $4.645-4.725 billion, compared to the consensus revenue estimate of $4.70 billion.Williams-Sonoma also updated its Q2 guidance to $0.49-0.52 EPS.
WSM has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Williams-Sonoma from $61.00 to $67.00 in a research note on Monday, April 14th. They now have a market perform rating on the stock. On a related note, analysts at BB&T Corp. raised their price target on shares of Williams-Sonoma to $71.00 in a research note on Monday, March 17th. Finally, analysts at Citigroup Inc. downgraded shares of Williams-Sonoma to a focus list rating in a research note on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Williams-Sonoma has a consensus rating of Hold and an average price target of $61.53.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) traded up 0.52% during mid-day trading on Wednesday, hitting $63.73. 2,166,201 shares of the company’s stock traded hands. Williams-Sonoma, Inc. has a 1-year low of $51.70 and a 1-year high of $68.05. The stock has a 50-day moving average of $63.4 and a 200-day moving average of $59.31. The company has a market cap of $5.999 billion and a price-to-earnings ratio of 22.48.
Williams-Sonoma (NYSE:WSM) last released its earnings data on Wednesday, May 21st. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.04. The company had revenue of $974.00 million for the quarter, compared to the consensus estimate of $941.88 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Williams-Sonoma, Inc. will post $3.17 EPS for the current fiscal year.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company is an e- commerce retailer with brands in home furnishings.
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