Williams-Sonoma, Inc. (WSM) Announces Earnings Results
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.
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.
TRADEMARK VIOLATION NOTICE: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/05/24/williams-sonoma-inc-wsm-announces-earnings-results.html.
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.
Receive News & Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with MarketBeat.com's FREE daily email newsletter.