Williams-Sonoma (WSM) Updates Q1 Earnings Guidance

Williams-Sonoma (NYSE:WSM) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.55-0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.56. The company issued revenue guidance of $1.14-1.17 billion, compared to the consensus revenue estimate of $1.15 billion.Williams-Sonoma also updated its FY19 guidance to $4.12-4.22 EPS.

Shares of Williams-Sonoma (NYSE WSM) traded up $0.96 during trading hours on Wednesday, reaching $53.70. 4,398,792 shares of the company were exchanged, compared to its average volume of 1,599,846. The stock has a market cap of $4,381.32, a PE ratio of 15.24, a PEG ratio of 1.31 and a beta of 0.82. Williams-Sonoma has a one year low of $42.68 and a one year high of $55.89.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Tuesday, March 13th. The specialty retailer reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. equities research analysts anticipate that Williams-Sonoma will post 3.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, April 27th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.20%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.39. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.19%.

A number of equities analysts have issued reports on WSM shares. Bank of America decreased their price objective on shares of Williams-Sonoma from $40.00 to $38.00 and set an underperform rating on the stock in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $57.00 price objective on the stock in a research report on Saturday, February 3rd. JPMorgan Chase & Co. cut shares of Williams-Sonoma from an overweight rating to an underweight rating and set a $46.00 price objective on the stock. in a research report on Friday, November 17th. Gordon Haskett cut shares of Williams-Sonoma from a hold rating to a reduce rating in a research report on Friday, November 17th. Finally, Morgan Stanley started coverage on shares of Williams-Sonoma in a research report on Friday, November 17th. They issued a hold rating and a $48.00 price objective on the stock. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the stock. Williams-Sonoma presently has a consensus rating of Hold and an average price target of $51.20.

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Williams-Sonoma Company Profile

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.

Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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