Williams-Sonoma, Inc. (NYSE:WSM) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.45-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.55. The company issued revenue guidance of $5.165-5.265 billion, compared to the consensus revenue estimate of $5.22 billion.Williams-Sonoma also updated its Q3 guidance to $0.80-0.87 EPS.
Williams-Sonoma, Inc. (WSM) traded up 1.28% during trading on Wednesday, hitting $43.40. 4,881,482 shares of the stock traded hands. The firm has a 50-day moving average price of $45.57 and a 200 day moving average price of $48.97. Williams-Sonoma, Inc. has a 52-week low of $42.68 and a 52-week high of $57.40. The company has a market cap of $3.76 billion, a P/E ratio of 12.64 and a beta of 0.89.
Williams-Sonoma (NYSE:WSM) last announced 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. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Williams-Sonoma had a return on equity of 25.51% and a net margin of 5.99%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, equities analysts expect that Williams-Sonoma, Inc. will post $3.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, July 21st will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s payout ratio is 45.35%.
Several research analysts recently commented on the company. SunTrust Banks, Inc. set a $62.00 price objective on Williams-Sonoma and gave the company a buy rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded Williams-Sonoma from a hold rating to a buy rating and set a $50.00 target price for the company in a report on Wednesday, August 16th. BTIG Research reiterated a sell rating and set a $41.00 price target on shares of Williams-Sonoma in a report on Monday. Bank of America Corporation reiterated an underperform rating and set a $40.00 price target (down from $44.00) on shares of Williams-Sonoma in a report on Wednesday. Finally, CIBC reiterated a hold rating on shares of Williams-Sonoma in a report on Friday, May 26th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. Williams-Sonoma presently has a consensus rating of Hold and an average target price of $55.27.
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.
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