Williams-Sonoma, Inc. (NYSE:WSM) posted its quarterly earnings results on Wednesday. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Williams-Sonoma updated its Q2 guidance to $0.55-0.61 EPS and its FY18 guidance to $3.45-3.65 EPS.

Shares of Williams-Sonoma (NYSE:WSM) traded up 1.10% during midday trading on Wednesday, reaching $49.61. 3,623,590 shares of the company’s stock traded hands. The stock has a 50 day moving average of $53.10 and a 200-day moving average of $51.10. Williams-Sonoma has a 12 month low of $45.96 and a 12 month high of $57.40. The stock has a market cap of $4.31 billion, a P/E ratio of 14.55 and a beta of 0.97.

Earnings History for Williams-Sonoma (NYSE:WSM)

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, April 28th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, April 26th. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.14%. Williams-Sonoma’s payout ratio is 44.18%.

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Williams-Sonoma from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, April 3rd. Zacks Investment Research cut Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Wedbush cut their price target on Williams-Sonoma from $53.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, March 6th. Guggenheim restated a “neutral” rating on shares of Williams-Sonoma in a research note on Thursday, March 16th. Finally, ValuEngine upgraded Williams-Sonoma from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $55.82.

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About Williams-Sonoma

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.

12 Month Chart for NYSE:WSM

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