Williams-Sonoma, Inc. (WSM) Issues FY15 Earnings Guidance
Williams-Sonoma, Inc. (NYSE:WSM) issued an update on its FY15 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.07-$3.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.20, AmericanBankingNews.com reports. The company issued revenue guidance of $4.645-$4.725 billion, compared to the consensus revenue estimate of $4.72 billion.Williams-Sonoma also updated its Q3 guidance to $0.58-$0.63 EPS.
A number of research firms have recently commented on WSM. Analysts at SunTrust raised their price target on shares of Williams-Sonoma from $78.00 to $83.00 in a research note on Thursday, August 21st. On a related note, analysts at Zacks reiterated a neutral rating on shares of Williams-Sonoma in a research note on Tuesday, August 12th. They now have a $74.00 price target on the stock. Finally, analysts at Makor Capital initiated coverage on shares of Williams-Sonoma in a research note on Thursday, July 17th. They set a sell rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. Williams-Sonoma presently has a consensus rating of Buy and an average price target of $69.80.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) traded up 0.05% on Wednesday, hitting $74.89. The stock had a trading volume of 2,532,366 shares. Williams-Sonoma, Inc. has a 52-week low of $51.70 and a 52-week high of $75.54. The stock’s 50-day moving average is $70.61 and its 200-day moving average is $65.73. The company has a market cap of $7.048 billion and a P/E ratio of 25.72.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that Williams-Sonoma, Inc. will post $3.20 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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