Williams-Sonoma, Inc. (WSM) Issues Q2 Earnings Guidance

Williams-Sonoma, Inc. (NYSE:WSM) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.55-0.61 for the period, compared to the Thomson Reuters consensus estimate of $0.60. The company issued revenue guidance of $1.195-1.230, compared to the consensus revenue estimate of $1.19 billion.Williams-Sonoma also updated its FY18 guidance to $3.45-3.65 EPS.

A number of research firms have recently weighed in on WSM. JPMorgan Chase & Co. increased their price target on Williams-Sonoma from $60.00 to $64.00 and gave the stock an overweight rating in a report on Monday, April 3rd. Gordon Haskett began coverage on Williams-Sonoma in a report on Tuesday, May 9th. They set an accumulate rating and a $61.00 price target for the company. ValuEngine upgraded Williams-Sonoma from a hold rating to a buy rating in a report on Tuesday, May 16th. Wedbush lowered their price target on Williams-Sonoma from $53.00 to $48.00 and set a neutral rating for the company in a report on Monday, March 6th. Finally, Credit Suisse Group AG reiterated a hold rating and set a $44.00 price target on shares of Williams-Sonoma in a report on Tuesday. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $56.11.

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

Williams-Sonoma, Inc. (NYSE:WSM) opened at 49.61 on Thursday. The company’s 50-day moving average price is $53.10 and its 200-day moving average price is $51.10. The stock has a market capitalization of $4.31 billion, a PE ratio of 14.55 and a beta of 0.97. Williams-Sonoma, Inc. has a one year low of $45.96 and a one year high of $57.40.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict that Williams-Sonoma, Inc. will post $3.54 EPS for the current year.

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

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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.

12 Month Chart for NYSE:WSM

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